Inventory-to-shipment ratio falls to a three-year low

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OTTAWA, Ont. — Improved shipments coupled with a small reduction in inventories, contributed to a lower inventory-to-shipment ratio in December.

The ratio fell to 1.40, the lowest level in over three years, Statistics Canada reports. Inventories have been trending down throughout the year.

The finished-product inventory-to-shipment ratio also edged down to 0.44 in December from 0.45 in November.

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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