Canada chemical sales fall 4.2% in December from November

15 February 2013 16:07  [Source: ICIS news]

TORONTO (ICIS)--Canadian chemical sales fell 4.2% to Canadian dollar (C$) $3.92bn ($3.92bn, €2.94bn) in December from November, a statistics agency said on Friday.

Compared with December 2011, Canadian chemical sales were down 2.1% year on year, Statistics Canada said.

Meanwhile, Canadian sales of plastics and rubber products were unchanged at C$1.85bn in December, compared with November, but were down 13.4% year on year from December 2011.

Petroleum and coal product sales were down 2.2% to C$7.2bn in December from November, but up 4.7% year on year from December 2011.

Canada’s overall manufacturing sales fell 3.1% to C$48bn in December from November, marking their largest sequential decline since May 2009, Statistics Canada said.  

The decline was largely due to lower sales in the transportation equipment sector, but sales were also down in the chemical, petroleum and metal product industries, the agency said.

Regionally, December’s decline was concentrated in Ontario, Canada’s largest province, were manufacturing sales fell by 4.6% to C$21.9bn.

Compared with December 2011, overall manufacturing sales were down 3.9% year on year.

December manufacturing inventories were C$64.5bn, down 1.0% from November.

The inventory-to-sales ratio was 1.34 in December, up from 1.32 in November. 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$1.00, $1 = €0.75)

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog

By: Stefan Baumgarten
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