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)
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections