OTTAWA, Ont. — January’s drop in shipments contributed to an up-tick in the inventory-to-shipment ratio.
The ratio edged up to 1.28 from 1.27 in December, although it remained shy of the year high of 1.31 set in July 2005, Statistics Canada reported this week.
The volatility of shipments in recent months has also contributed to some flux in the ratio.
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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