Canada March chemical sales rise 1.2% from February

15 May 2014 15:34 Source:ICIS News

TORONTO (ICIS)--Canadian chemical sales rose 1.2% to Canadian dollar (C$) 4.14bn ($3.80bn) in March from February, according to government statistical data released on Thursday.

Compared with March 2013, chemical sales were up 8.4% year over year, Ottawa-based Statistics Canada said.

Meanwhile, sales of plastics and rubber products rose 2.7% to C$2.11bn in March from February, and they were up 3.2% year over year from March 2013.

Canada’s overall manufacturing sales edged up 0.4% to C$50.9bn in March from February, marking their sixth advance in seven months.

March’s increase primarily reflected higher sales in the food, machinery, and plastics and rubber sectors while sales in the petroleum and coal products sector fell, Statistics Canada said.

Compared with March 2013, overall manufacturing sales were up 3.5% year over year.

New orders fell 19.9% to C$50.2bn in March from February as orders returned to "normal levels" after jumping in February, the agency said. Compared with March 2013, new orders were up 3.6% year over year.

($1 = C$1.09)

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By Stefan Baumgarten