Canada July chemical sales rise 0.1% from June – agency

16 September 2011 14:43  [Source: ICIS news]

TORONTO (ICIS)--Canada’s chemical industry sales rose by 0.1% to Canadian dollar (C$) 3.99bn ($4.07bn) in July from June, a government statistics agency said on Friday.

Compared with July 2010, chemical sales were up 11.0% year on year, Statistics Canada said.

Canada's sales of plastics and rubber products in July were at C$1.89bn, up 4.2% from June and up 8.7% compared with the same period last year.

Overall Canadian manufacturing sales rose by 2.7% to C$46.74bn in July from June. The increase follows three consecutive months of declines. The bulk of July’s gain in sales came from manufacturers in Canada’s largest province, Ontario.

Compared with July 2010, overall manufacturing sales were up 6.9% year on year.

July’s manufacturing inventories were C$63.16bn, down 0.1% from June but up 7.9% from July 2010.

The inventory-to-sales ratio was 1.35 in July, compared with 1.39 in June and 1.34 in July 2010. The ratio measures how many months it would take to deplete stocks at the current rate of sales.

In related news, a rail industry group reported this week that Canadian chemical railcar shipments were up 11.5% year to date to 10 September.

($1 = C$0.98)

Read Paul Hodges’ Chemicals and the Economy Blog

By: Stefan Baumgarten
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