16 February 2012 16:10 [Source: ICIS news]
Compared with December 2010,
Canadian sales of plastics and rubber products rose 7.5% in December from November to C$2.12bn, and were up 17.9% year on year from December 2010.
Overall Canadian manufacturing sales were C$49.94bn in December, up 0.6% from November, marking the fifth increase in six months.
December’s month-to-month gain was led by increased sales in the transportation equipment sector, Statistics Canada said.
Compared with December 2010, overall Canadian manufacturing sales were up 9.1% year on year.
Canadian manufacturing inventory levels decreased 0.9% in December to $64.41bn, the first decline after 14 months of increases.
The inventory-to-sales ratio fell to 1.29 in December from 1.31 in November. The ratio is a measure of the time, in months, that would be required to exhaust inventories if sales were to remain at their current level.
($1 = C$1)
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