OTTAWA, Ont. — Inventories fell for only the second time in 2005, edging down 0.2% to $66 billion in December, according to a monthly Statistics Canada released today.
Inventories had been steadily accumulating since early 2004.
A 0.9% surge in finished product inventories to $22.1 billion was more than offset by decreases in raw materials (-0.9%) and goods-in-process (-0.4%) inventories.
Lower inventories were reported by the computer (-3.2%) and railroad rolling stock (-13.2%) industries as manufacturers worked through recent orders.
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