MRO Magazine

Manufacturing results mixed in latest report of leading indicators

Ottawa, ON – Canada’s composite leading index rose 0.4% in March 2012, following a 0.7% rise in February, reports Statistics Canada. This was the index's ninth consecutive monthly increase. Of the 10 components, eight advanced.


Manufacturing

April 20, 2012
By MRO Magazine
MRO Magazine

Industries

Ottawa, ON – Canada’s composite leading index rose 0.4% in March 2012, following a 0.7% rise in February, reports Statistics Canada. This was the index’s ninth consecutive monthly increase. Of the 10 components, eight advanced.

The financial components remained positive in March, with both the Toronto Stock Exchange and the money supply increasing. The average workweek increased for the sixth straight month, while services employment resumed a year-long upward trend after stalling in February. The housing index recovered, as both existing home sales and starts rose. The United States leading indicator increased for the second month in a row, supported by its employment and financial components.

Manufacturing was mixed, with a gain in the ratio of shipments to inventories offset by a decline in new orders. Furniture and appliance sales posted a seventh consecutive monthly decline.

A table of the details of the results of the report can be found at http://www.statcan.gc.ca/daily-quotidien/120420/t120420b001-eng.htm.

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