15 June 2012 15:53 [Source: ICIS news]
TORONTO (ICIS)--Canadian chemical sales rose 2.2% to Canadian dollar (C$) 4.12bn ($4.04bn) in April from March, a statistics agency said on Friday.
Compared with April 2011, Canadian chemical sales were up 6.4% year on year, Statistics Canada said.
Meanwhile, Canadian sales of plastics and rubber products fell 0.8% to C$1.91bn in April from March but were up 4.3% year on year from April 2011.
Overall Canadian manufacturing sales fell 0.8% to $49.1bn in April from March, marking their third decline in four months.
Compared with April 2011, overall manufacturing sales were up 5.8% year on year.
Manufacturing inventories rose 1.0% to C$65.0bn in April from March.
The inventory-to-sales ratio was 1.32 in April, compared with 1.30 in March and 1.35 in April 2011. 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$1.02)
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