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Wholesale prices moved up 0.2% in May, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. At the earlier stages of processing, prices received by producers of intermediate goods rose 0.3% following a 0.5% decline a month earlier, and the crude goods index climbed 3.6% after rising 3% in April.
In May, a 2.9% increase in finished energy goods prices more than offset a 1.6% decline in the index for finished consumer foods and a 0.1% decrease in prices for finished goods other than foods and energy.
Before seasonal adjustment, the Producer Price Index for Finished Goods increased 0.5% in May to 170.8 (1982 = 100). From May 2008 to May 2009, finished goods prices decreased 5%. Over the same period, the finished energy goods index fell 27.3% and ...
Canadian manufacturing sales edged down 0.1% to $41 billion in April, according to the latest report from Statistics Canada. Manufacturing sales leveled off between February and April, after falling by 18.7% between October 2008and January 2009. Sizable gains in the transportation equipment industry were offset by weakness in other industries. Excluding the transportation equipment industry, manufacturing sales decreased by 2.8%.
Constant dollar manufacturing sales gained 0.4% in April. The slight rise in constant dollar sales indicates an increase in the volume of sales between March and April. Although manufacturing sales remaining largely unchanged in April, sales decreased in 16 of 21 manufacturing industries.
By Sector
The weakness in most sectors was offset by a 16.4% gain in ...
Canadian industries continued to reduce their rate of capacity utilization in the first quarter of 2009, operating at 69.3% of production capacity, down 5.6 percentage points from the previous quarter. It was the first time that industrial capacity use fell below the 70% level since the start of the data series in 1987.
In the first quarter, durable goods industries, especially the transportation equipment industry, the construction sector, and the mining sector (excluding oil and gas extraction), were the main contributors to the overall decline. Weakened global and domestic demand for manufactured goods continued to drive down capacity utilization rates. Of the 21 major industries in the manufacturing group, 18 registered lower rates.
As it did in the fourth quarter of 2008, the ...
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