The inventory-to-shipments ratio edged up to 1.42 in October, up from 1.41 in September.
The ratio is a key measure of the time required to exhaust inventories if inventories were to remain at their current level.
A solid increase in inventories relative to a modest rise in shipments contributed to the higher ratio. The ratio has been relatively steady since April, and remained well below the nine-year high of 1.56 established in October 2001, according to Statistics Canada.
The trend for the inventory-to-shipments ratio has been unchanged since August. Previously, the trend had been gradually shifting down since the fall of 2001.
The finished-product inventory-to-shipments ratio shifted up slightly to 0.44 in October. The ratio measures the time that would be required in order to exhaust finished-product inventories if shipments were to remain at their current level.
For more information or to order data, contact the dissemination officer (1-866-873-8789; 613-951-9497; fax: 613-951-9499; email@example.com).