Canada December chemical sales rise 0.1% from November

16 February 2012 16:10  [Source: ICIS news]

TORONTO (ICIS)--Canada’s chemical sales rose 0.1% in December 2011 from November, a statistics agency said on Thursday.

Statistics Canada said the country’s chemical sales in December came to Canadian dollar (C$) 4.06bn ($4.06bn), up only slightly from C$4.05bn in November.

Compared with December 2010, Canada’s chemical sales were up 6.5% year on year, the agency said.

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)

By: Stefan Baumgarten
+1 713 525 2653

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