Canada’s April chemical sales rise 1.7% from March

17 June 2011 14:44  [Source: ICIS news]

TORONTO (ICIS)--Canadian chemicals sales rose to Canadian dollar (C$) 3.98bn ($4.06bn) in April - up 1.7% from March, and up 7.1% year on year from April 2010, a statistics agency said on Friday.

April sales of plastics and rubber products were C$1.82bn, down 0.8% from March but up 3.6% year on year from April 2010, Ottawa-based Statistics Canada said.

Canada’s overall manufacturing sales fell 1.3% to $46.67bn in April from March, largely because of lower sales in the automotive and transportation equipment sector.

April's decline follows a 1.9% increase in March from February.

Compared with April 2010, overall manufacturing sales were up 6.5% year on year.

New manufacturing orders were $46.89bn, down 10.3% from March and up 7.6% year on year from April 2010.

Manufacturing inventories were $62.72bn, up 1.2% from March and up 7.8% year on year from April 2010.

April’s inventory-to-sales ratio was 1.34, up compared with 1.31 in March and 1.33 in April 2010. The ratio measures how many months it would take to deplete stocks at the current rate of sales.

($1 = C$0.98)

Read Paul Hodges’ Chemicals and the Economy Blog


By: Stefan Baumgarten
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