Canadian May chemical sales fall 3.0% from April

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, Canada’s chemical sales were up 5.3% year on year, Statistics Canada said.

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.

Canada’s manufacturing sales have remained relatively flat since January 2011.

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


By: Stefan Baumgarten
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