Canadian chemical sales rise 3.2% in March from February

17 May 2012 15:59  [Source: ICIS news]

TORONTO (ICIS)--Canadian chemical industry sales rose by 3.2% - to Canadian dollar (C$) 3.95bn ($3.91bn) -  in March from February, reflecting greater volumes of products sold, according to government data released on Thursday.

Compared with March 2011, Canadian chemical industry sales were up 2.7% year on year, Ottawa-based Statistics Canada said.

Meanwhile, Canadian sales of plastics and rubber products were C$1.91bn in March, down 1.6% from February but up 3.8% year on year from March 2011.

Overall Canadian manufacturing sales rose 1.9% to C$49.7bn in March  from February, with the gain led by the petroleum and coal products industry. Compared with March 2011, manufacturing sales were up 5.9% year on year.

Manufacturing inventories were C$64.5bn, down 1.2% from February.

The inventory-to-sales ratio was 1.30 in March, down from 1.34 in February. The ratio measures the time, in months, that would be required to exhaust inventories if sales were to remain at their current level.

 ($1 = C$1.01)

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By: Stefan Baumgarten
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