FXstreet.com (Barcelona) - Industrial product has dropped between October and November, posting the biggest drop since 1956 and falling for three consecutive month, according to data provide by Statistics Canada.
In November, Industrial product prices has fallen 2,6% after the October's revised data of 0.1% decrease. Market expectations was a 1.0% decline in November.
Year over year, Product prices has risen 5.9% in November, well below of October's growth of 9.5%.
Raw materials posted its fourth consecutive month of decreases, with a 13.4% decrease posted in November. A faster decline than 12.9% drop of revised data in October.