20 March 2013 14:55 [Source: ICIS news]
TORONTO (ICIS)--Canadian chemical sales rose by 1.7% to Canadian dollar (C$) 4.03bn ($3.91bn) in January from December, led by an 11% increase in chemical sales in ?xml:namespace>
Compared with January 2012, Canadian chemical sales were up 0.1% year on year, Statistics Canada said.
Meanwhile, Canadian sales of plastics and rubber products rose 2.2% to C$1.93bn in January, from December. Compared with January 2012, plastics and rubber product sales were down 1.7% year on year.
Canadian petroleum and coal product sales fell 1.8% to C$7.05bn in January from December but were up 1.5% year on year from January 2012.
Overall Canadian manufacturing sales edged down 0.2% to C$48.0bn in January from December, the fourth decline in five months.
January's decline was led by lower sales in the transportation equipment and petroleum and coal products industries, Statistics Canada said.
Compared with January 2012, overall manufacturing sales were down 1.6% year on year.
Manufacturing inventory levels were up 1.7% to C$65.4bn in January, compared with December.
The inventory-to-sales ratio rose from 1.34 in December to 1.36 in January, the highest level since June 2011. 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$1.03)
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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