Chemicals and Cleaning Products Production - PMMI

MarketSegmentsCanada Industrial ProductionAnnual Trend: 97.0 Phase: C Year-over-Year: 2.1%Canada Industrial Production12-Month Moving AverageYear-over-Year Growth Rate12/12 Rate-of-Change105105101010010055009595-5-59090-10-1085'06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '1685-15'06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16-15IndustryOutlook2012: 2.0%2013: 3.7%2014: -1.6%2015: 2.2%Annual Canada Industrial Production fell for the firsttime in 29 months in August, but we expect theeconomy to maintain an overall upward trajectorythrough 2013. Our forecast calls for IndustrialProduction to grow at a mildly accelerating rate throughthe majority of 2013, concluding the year up 3.7% from2012. Recession will set in come 2014, before recoverytakes hold in 2015.Canada Food Production is in Phase D, Recession, withannual Production falling to C$19.2 billion, a loss of1.6% from last year. Quarterly Production is 1.8% belowthe year-ago level, indicating additional decline is likelyin the near term. Look to control costs, such asovertime, during this recessionary period. Generaleconomic expansion in Canada next year will likely liftFood Production in 2013.ITR Economics 9 1st Quarter - 2013