18 January 2013 15:10 [Source: ICIS news]
TORONTO (ICIS)--Canadian chemical sales rose 3.9% to Canadian dollar (C$) 4.05bn ($4.09bn) in November 2012 from October, according to statistics data released on Friday.
Compared with November 2011, Canadian chemical sales were up 0.9% year on year, Statistics Canada (Statscan) said.
Meanwhile, Canadian plastics and rubber sales fell 1.7% to C$1.87bn in November from October and were down 4.6% year on year from November 2011.
Overall Canadian manufacturing sales increased by 1.7% to $49.9bn in November from October, reaching their highest level since May 2012. The largest gains were recorded in the transportation equipment, primary metals and chemicals sectors.
Compared with November 2011, Canadian manufacturing sales were up 0.5% year on year.
Manufacturing inventories were down 0.8% to C$65.5bn in November from October.
The inventory-to-sales ratio was 1.31 in November, compared with 1.35 in October. The ratio measures 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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