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ECON: Wholesale Inventories As Expected, Sales Weaker
Posted to: Micro News
Thursday, December 13, 2012 10:06 AM

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- Inventories +0.4 vs +0.4 consensus, +0.7 previous
- Sales -0.4 vs +1.2 previous

The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for October, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,257.7 billion, down 0.4 percent (±0.2%) from September 2012 and up 3.1 percent (±0.4%) from October 2011.

Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,619.2 billion, up 0.4 percent (±0.1%) from September 2012 and up 5.7 percent (±0.4%) from October 2011.

The total business inventories/sales ratio based on seasonally adjusted data at the end of October was 1.29. The October 2011 ratio was 1.26.




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