Inventory-to-shipment ratio down as shipments rebound
OTTAWA, Ont. — With shipments rebounding following the drop in June and inventory levels remaining fairly steady, the inventory-to-shipment ratio decreased in July to 1.26, Statistics Canada records indicate.
With the exception of the blip in June (1.29), the inventory-to-shipment ratio has been steady at 1.26 since April.
The inventory-to-shipment ratio is a measure of the time, in months, that would be required to exhaust inventories if shipments were to remain at their current level.
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