14 December 2012 14:32 [Source: ICIS news]
TORONTO (ICIS)--Canadian chemical sales fell 1.1% to Canadian dollar (C$) 3.84bn ($3.92bn) in October from September this year, a statistics agency said on Friday.
Compared with October 2011, chemical sales were down 5.0% year on year, Statistics Canada said.
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The declines were partly offset by higher petroleum and coal products sales, as well as increased sales for wood product industries, the agency said.
Compared to October 2011, overall manufacturing sales were up 0.1%.
October manufacturing inventories were C$66.2bn, up 1.3% from September and up 2.1% year on year from October 2011.
The inventory-to-sales ratio was 1.36 in October, compared with 1.32 in September and 1.33 in October 2011. The ratio is a measure of time, in months, that would be required to exhaust inventories if sales were to remain at their current level.
($1 = C$0.98)
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