Canada chemical sales fall 1.3% in May from April

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.

Overall, Canada’s manufacturing sales fell by 0.4% to C$48.74bn in May, marking their fourth decrease in five months.

Sales in Canada’s petroleum and coal product industry dropped 9.6%, reflecting temporary shutdowns at some refineries. This drop was largely offset by gains in the aerospace product and parts industry, the statistics agency said in explaining the month-on-month decline.

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)

By: Stefan Baumgarten
+1 713 525 2653

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