16 March 2011 16:30 [Source: ICIS news]
The increase came after Statistics Canada (StatsCan) reported a 2.3% increase in chemical sales from November to December.
Compared with January 2010, Canadian chemical sales rose by 4.0%, StatsCan said.
Canadian sales of plastics and rubber products rose by 1.3% to C$1.84bn in January from December, and were up 9.6% from January 2010.
Overall, Canadian manufacturing sales in January rose by 4.5% to C$47.7bn from December, reaching their highest level since October 2008, StatsCan said.
January’s gains were mostly concentrated in the motor vehicle and parts industries as well as aerospace products and parts, the agency said.
Compared with January 2010, manufacturing sales were up by 9.5%.
New manufacturing orders in January totalled C$48.5bn, up 8.6% from December, and up 11.9% from January 2010.
Manufacturing inventory levels in January were C$61.5bn, up 1.2% from December, and up 3.3% from January 2010.
The overall manufacturing inventory-to-sales ratio was 1.29 in January, compared with 1.33 in December and 1.37 in January 2010.
In related news, Canadian chemical railcar shipments were up 9.9% to 103,075 year to date to 5 March, from 93,763 in the year-earlier period.
($1 = C$0.99) ($1 = €0.71)
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