Canada March chemical sales stay unchanged from February

18 May 2011 15:52  [Source: ICIS news]

TORONTO (ICIS)--Canada’s chemical sales remained unchanged at Canadian dollar (C$) 3.86bn ($3.98bn) in March, compared with February, a statistics agency said on Wednesday.

However, compared with March 2010, sales rose 4.1%, Statistics Canada said.

Sales of plastics and rubber products were C$1.82bn, up 1.5% from February and up 5.5% year on year.

Overall, Canada’s manufacturing sales were C$47.51bn in March, up 1.9% from February, driven by higher sales in the transportation, automotive and machinery sectors.

The sequential increase for March comes after a decline of 1.8% decline in February from January.

Compared with March 2010, manufacturing sales rose 10.4%.

Inventories were C$61.95bn, up 2.1% from February and up 6.5% year on year from March 2010.

New orders were C$52.48bn, up 11.3% from February and up 22.8% year on year.

The inventory-to-sales ratio was 1.30 in March, unchanged from February, and down from 1.35 in March 2010.

($1 =  C$0.97)

Read Paul Hodges’ Chemicals and the Economy Blog

By: Stefan Baumgarten
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