OTTAWA, Ont. — The inventory-to-shipment ratio edged up in February to 1.25 from 1.24 in January, and has remained within this range since last fall.
February’s modest drop in shipments coupled with a gradual rise in inventories contributed to the slight upward shift of the ratio.
The ratio has been on a positive trend since the second half of 2004, when the manufacturing sector started to show signs of weakening.
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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