14 December 2011 19:28 [Source: ICIS news]
Sales of plastics and rubber products rose 3.2% to C$1.89bn in October from September, Ottawa-based Statistics Canada said.
Meanwhile, overall industry inventories rose in October from September. The inventory-to-sales ratio increased to 1.33 in October from 1.30 in September, reflecting rising inventories and declining sales.
The inventory-to-sales ratio measures the time, in months, that would be required to exhaust inventories if sales were to remain at their current level.
Compared with October 2010, sales of chemicals were up 10.9% year on year, and sales of plastics and rubber products were up 8.5% year on year.
($1 = C$1.04, €0.77)
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