OTTAWA, Ont. — November’s decrease in shipments contributed to the slight rise in the inventory-to-shipment ratio to 1.42 from October’s 1.41.
Despite November’s upward movement, the ratio has been trending down during the second half of 2003, as manufacturers continued their efforts to keep fewer inventories on hand, despite some erosion in shipment activity.
The finished-product inventory-to-shipment ratio remained stable at 0.45 for the second consecutive month. This ratio is a measure of the time that would be required in order to exhaust finished-products if shipments were to remain at their current level.
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