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Manufacturing sales up 1.5 per cent in September, StatCan says

November 23/2020

MOSCOW (MRC) -- Led by the wood, chemical, and food industries, Canadian manufacturing sales rose 1.5 per cent to USD53.8 billion in September, according to new figures from Statistics Canada, said Canplastics.

The increase followed a revised drop of 1.4 per cent in August compared with the 2.0 per cent decrease that was initially reported.

The result for September matched the average expectations of economists surveyed by financial data firm Refinitiv. Sales rose in 13 of the 21 manufacturing sectors as the wood industry climbed 9.6 per cent in September to a record $3.3 billion due to higher sales at sawmills and wood preservation manufacturers.

The chemical industry rose 6.7 per cent to USD4.5 billion, while the food industry increased 1.3 per cent to USD9.2 billion for the month.

StatCan also said that manufacturing sales in constant dollars rose 2.1 per cent, indicating a larger volume of products was sold in September.

We remind that Russia's output of chemical products rose in September 2020 by 6.7% year on year. At the same time, production of basic chemicals increased by 6.1% year on year in the first nine months of 2020, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-September output. Last month's production of primary polymers decreased to 852,000 tonnes from 888,000 tonnes in August due to shutdowns in Tomsk, Ufa and Kazan. Overall output of polymers in primary form totalled 7,480,000 tonnes over the stated period, up by 16.4%  year on year.
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, neftegaz, petrochemistry.
Category:General News
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