15 July 2011 16:13 [Source: ICIS news]
TORONTO (ICIS)--Canadian chemical sales fell 3.0% in May from April, to Canadian dollar (C$) 3.71bn ($3.86bn), a government statistics agency said on Friday.
Compared with May 2010, ?xml:namespace>
Sales of plastics and rubber products fell 0.4% in May from April, to C$1.83bn, but were up 3.3% from May 2010.
Overall, manufacturing sales fell 0.8% to C$46.0bn in May, with the decline mostly concentrated in the food, petroleum, coal and chemical industries.
Compared with May 2010, manufacturing sales were up 4.0%.
Manufacturing inventories rose 0.7%, to C$63.1bn, in May from April, and were up 9.2% from May 2010.
New orders remained flat at C$46.5bn, but were up 2.4% from May 2010.
The inventory-to-sales ratio was 1.37 in May, compared with 1.35 in April and 1.31 in May 2010.
($1 = C$0.95)Read Paul Hodges’ Chemicals and the Economy Blog
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections