Canada: Manufacturing sales rose 3.4% to a record high $55.5 billion in November

"Manufacturing sales rose 3.4% to a record high $55.5 billion in November, mainly due to higher sales in the transportation equipment, petroleum and coal product and chemical industries," the Statistics Canada reported on Friday.

Key highlights

Overall, 12 of 21 industries, representing 81% of the manufacturing sector, posted increases in November.

Higher petroleum prices contributed to the overall increase in manufacturing sales.

Once the effects of these and other price changes are removed, manufacturing sales volumes rose 2.5% in November.

Inventory levels rose for the second consecutive month, up 0.9% to $75.4 billion in November.

Unfilled orders declined 0.9% to $86.4 billion in November.