Canada chemical sales rise 0.4% in August from July

16 October 2012 15:15  [Source: ICIS news]

Canadian flagTORONTO (ICIS)--Canadian chemical sales rose 0.4% to Canadian dollar (C$) 3.94bn ($3.98bn) in August from July, a statistics agency said on Tuesday.

Compared with August 2011, Canadian chemical sales were down 1.6% year on year, Statistics Canada said in a data release.

Meanwhile, Canadian sales of plastics and rubber products were C$1.97bn in August, down 0.2% from July but up 6.8% year on year from August 2011.

Canada’s overall manufacturing sales increased 1.5% to $49.5bn in August from July, the highest sales level since March 2012. The gain largely reflected increases in the petroleum and coal products, and motor vehicle industries.

Compared with August 2011, overall manufacturing sales were up 3.2% year on year.

Inventories were down 0.1% to C$65.2bn in August from July.

The inventory-to-sales ratio decreased from 1.34 in July to 1.32 in August. 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$0.99)

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By: Stefan Baumgarten
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