17 July 2012 16:26 [Source: ICIS news]
TORONTO (ICIS)--Canadian chemical sales fell by 1.3% to Canadian dollar (C$) 4.03bn ($3.95bn) in May from April, a statistics agency said on Tuesday.
Compared with May 2011, Canadian chemical sales were up 8.6% year on year, Ottawa-based Statistics Canada said.
Canadian sales of plastics and rubber products were C$1.91bn in May, down 0.3% from April but up 5.1% year on year from May 2011.
Excluding the petroleum and coal product industry, total manufacturing sales rose 1.2% in May from April.
Compared with May 2011, manufacturing sales were up 5.6% year on year.
Inventories were up 2.1% in May from April to C$66.01bn.
The inventory-to-sales ratio rose to 1.35 in May, from 1.32 in April. 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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