CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Total manufacturing inventories decline

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With total manufacturing inventories declining, the inventory-to-sales ratio stands at 1.72. PHOTO courtesy Samuel Service Centre.

Total inventories for Canadian manufacturers decreased 0.2% to $122.1 billion in January, according to Statistics Canada.

This follows a 1.4% decline in December, due to lower raw material inventories (-1.2%). Lower inventories of primary metals (-4.2%) and petroleum and coal (-4.5%) were mainly responsible for the decline.

The inventory-to-sales ratio was unchanged, at 1.72 in January. This ratio measures the time, in months, that would be required to exhaust inventories if sales were to remain at their current level.

The total value of unfilled orders declined 1.3% to $104.2 billion in January, largely on a 2.2% decrease in unfilled orders of transportation equipment.

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