OTTAWA, Ont. — The inventory-to-shipment ratio fell to 1.30 from 1.33 in October, Statistics Canada reports. The ratio had risen for three consecutive months before turning back in November.
With shipments rising faster than finished goods inventories, the finished product inventory-to-shipment ratio fell back modestly to 0.46 from October’s ratio of 0.47.
The inventory-to-shipment ratio is a key measure of the time, in months, that would be required to exhaust inventories if shipments were to remain at their current level.
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