OTTAWA, Ont. — Lower shipments, coupled with a 0.5% rise in inventory levels, contributed to the second consecutive increase in the inventory-to-shipment ratio.
The ratio edged up to 1.23 in September, just shy of the ratio of 1.21 posted in June and July the lowest level since the start of the current series in 1992.
The inventory-to-shipment ratio is a key measure of the time, in months, that would be required in order to exhaust inventories if shipments were to remain at their current level.
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