16 October 2012 15:15 [Source: ICIS news]
TORONTO (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
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.
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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