Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Ghansham Panjabi - RW Baird.
Ghansham Panjabi - RW Baird
Would you give us some color on intra quarter volume trajectory across all three businesses please, Beauty & Home, Closures and Pharma?
Steve Hagge
When you are talking intra quarter Ghansham, you're talking between second and third?
Ghansham Panjabi - RW Baird
From the beginning of 3Q to the end of 3Q.
Steve Hagge
I think if you look it, I think what we saw is August remember comes in the middle of the quarter. So from across the all three we had a relatively strong July. August tends to be our softest of the three quarter and that again followed this year. September we had a pretty strong September again, which is again pretty typical for us coming after summer holiday day, particularly in August.
Ghansham Panjabi - RW Baird
Okay so, seasonally compared to last year, its pretty much inline with what you would have expected then?
Steve Hagge
Yeah, again we had followed the same trends.
Ghansham Panjabi - RW Baird
Can you quantify the impact of higher polypropylene costs for the quarter?
Steve Hagge
When we look at it, again it's just pointing out when look at the second quarter and the first quarter we were in passing on resin drops, which was a favorable impact in terms of timing. We started to see that platinum and resin going up starting in the third quarter. Our rough estimate is between the second and the third quarter that had a negative impact on the Closure’s earnings of an area of $2.5 million to $3 million.
Ghansham Panjabi - RW Baird
Okay and just one final question, if I could. I think you guys commented on the fact that inventory levels some of your consumer discretionary facing businesses seems to be bottoming, and that's probably a positive sign looking ahead.
What about the pharmaceutical business? What are your customers saying about that particular business, and the inventory levels there? Thanks.
Steve Hagge
I think on the inventory levels on Pharma we haven't seen big movements, the only area we've seen it is some of our metered dose valves, where some of our customers were shipping into Eastern Europe and into Latin America. We saw some build up of inventory in 2008 and we’ve seen some bleed off of that inventory going through 2009.
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