Canada June chemical sales rise 5.8% from May

16 August 2011 15:20  [Source: ICIS news]

TORONTO (ICIS)--Canada’s chemical industry sales rose by 5.8% to Canadian dollar (C$) 3.92bn ($4.00bn) in June from May, driven by gains in pesticides and fertilizers, a government statistics agency said on Tuesday.

Compared with June 2010, chemical industry sales were up 9.2%, Statistics Canada said.

Canada’s sales of plastics and rubber products were flat at C$1.82bn in June compared with May, but were up 3.7% year on year.

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.

Statistics Canada said that 15 of 21 reporting industries, led by petroleum and coal products, reported sequential declines in their sales in June.

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)

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By: Stefan Baumgarten
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