Canada chemical sales fall 0.5% in July from June

14 September 2012 14:44  [Source: ICIS news]

TORONTO (ICIS)--Canadian chemical sales fell 0.5% to Canadian dollar (C$) 3.91bn ($4.03bn) in July from June, a statistics agency said on Friday.

Compared with July 2011, Canadian chemical sales were down 0.7% year on year, Statistics Canada said.

Meanwhile, Canadian sales of plastics and rubber products were C$1.98bn in July, up 0.7% from June, and up 2.1% year on year from July 2011.

Overall Canadian manufacturing sales fell 1.5% to C$48.3bn in July, marking their third decrease in five months.

Declines in the transportation equipment sector were largely responsible for the overall drop in July from June, Statistics Canada said.

Compared with July 2011, overall manufacturing sales were up 2.3% year on year.

Manufacturing inventories were C$65.5bn in July, up 1.0% from June and up 3.3% year on year from July 2011.

The inventory-to-sales ratio rose to 1.36 in July, from 1.32 in June. 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$0.97)

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By: Stefan Baumgarten
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