16 August 2011 15:20 [Source: ICIS news]
Compared with June 2010, chemical industry sales were up 9.2%, Statistics Canada said.
Sales of petroleum and coal products fell 6.6% in June from May, to C$5.84bn, but were up 9.5% year on year.
Overall Canadian manufacturing sales fell by 1.5% in June from May, to C$45.31bn – marking their third decline in a row after growing steadily since May 2009.
Compared with June 2010, Canada's overall manufacturing sales were up 2.3%.
June’s inventories were flat at C$63.16bn compared with May, but up 8.9% from June 2010.
June’s new orders were worth C$47.25bn, up 1.6% from May and up 5.2% year on year from June 2010.
The inventory-to-sales ratio was 1.39 in June, compared with 1.37 in May and 1.31 in June 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
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections