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Last Update: 13-Dec-11 10:41 ET
Business Inventories Move Higher in October
Total business inventories increased 0.8% in October after being unchanged in September. The Briefing.com consensus expected inventories to increase 0.9%.
Inventory growth for both manufacturers (0.9%) and merchant wholesalers (1.6%) was known prior to the release. The only piece of new information was that retailer inventories were flat in October after declining 0.1% in September.
Total sales increased 0.7% in October on top of a 0.6% increase in September.
The inventory/sales ratio remained at 1.27.
Inventory growth for both manufacturers (0.9%) and merchant wholesalers (1.6%) was known prior to the release. The only piece of new information was that retailer inventories were flat in October after declining 0.1% in September.
Total sales increased 0.7% in October on top of a 0.6% increase in September.
The inventory/sales ratio remained at 1.27.
