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ECON: Business Inventories Rise Slightly Faster Than Expected
Posted to: Micro News
Wednesday, November 14, 2012 10:12 AM
- Inventories +0.7 vs +0.5 consensus
- Sales +1.4 pct vs +0.6 pct in August
The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’
shipments for September, adjusted for seasonal and trading-day differences but not for price changes, was estimated
at $1,263.9 billion, up 1.4 percent (±0.2%) from August 2012 and up 4.4 percent (±0.4%) from September 2011.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were
estimated at an end-of-month level of $1,612.9 billion, up 0.7 percent (±0.1%) from August 2012 and up 6.2 percent
(±0.4%) from September 2011.
Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of
September was 1.28. The September 2011 ratio was 1.25.
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