Canada's August chem sales rise 1.5% from July

15 October 2010 16:45  [Source: ICIS news]

Canadian flag on a fieldTORONTO (ICIS)--Canadian chemical sales rose 1.5% in August to Canadian dollar (C$) 3.703bn ($3.703bn) from July, a government statistics agency said on Friday.

The increase came after Statistics Canada reported a 0.3% sequential decline in chemical sales in July from June.

Compared with August 2009, Canadian chemical sales rose 8.1%, the agency said.

Canadian sales of plastics and rubber products in August rose 0.5% to C$1.748bn from July and were up 8.1% from August 2009.

Overall, Canadian manufacturing sales in August were C$45.1bn, up 2.0% from July.

Gains were widespread through all industries, with the main contributors to the increase being motor vehicle, petroleum and coal product manufacturers, the agency said.

Compared with August 2009, overall manufacturing sales were up 10.3%.

New manufacturing orders in August totalled C$45.9bn, up 5.3% sequentially from July and 19.5% from August 2009.

Manufacturing inventory levels in August were C$60bn, up 1.3% from July but down 1.9% from August 2009.

The overall manufacturing inventory-to-sales ratio was 1.33 in August, compared with a revised 1.34 in July and 1.50 in August 2009.

In related industry news, Canadian chemical railcar shipments for the year-to-date period to 9 October were up 23.3% to 575,657, from 466,848 in the same period in 2009.

($1.00 = C$1.00)

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By: Stefan Baumgarten
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