Three numbers to monitor in the monthly food manufacturing survey


J.P. Gervais shares why sales, inventory levels and capacity utilization numbers are important to Canadian food manufacturing.

Highlights:

  • Food manufacturing sales down this month yet 3.7% higher than a year ago
  • Inventories of food manufacturers climbed this month and are 9% higher than a year ago
  • Capacity utilization rate came down this month and is lower than a year ago
  • Demand for food robust but the rapid expansion between 2015 and 2018 slowing down
  • Statistics Canada’s Monthly Survey of Manufacturing is available here