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 ?xml:namespace>
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)
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections