OTTAWA, Ont. — In October, 67% of manufacturers reported that the current level of finished product inventories was about right, down 5 points from the July level, according to Statistics Canada quarterly Business Conditions Survey.
Some 26% stated that inventories were too high, while 7% said inventories were too low. According to August’s Monthly Survey of Manufacturing, finished product inventories edged down 0.3% to $22.2 billion the first decrease since March 2005.
The voluntary survey conducted in the first two weeks of October, to which almost 4,000 manufacturers responded, requests opinions on production impediments, finished product inventory levels, new and unfilled order levels, and production and employment prospects in the coming three months.
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