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Last Update: 15-Nov-11 10:36 ET
Total Business Inventoriers Were Flat in September
Total business inventories were flat in September after increasing 0.4% in August. The Briefing.com consensus expected inventories to increase 0.2%.
Inventory growth for both manufacturers (0.1%) and merchant wholesalers (-0.1%) was known prior to the release. The only piece of new information was that retailer inventories fell 0.1% in September after increasing 0.7% in August.
The decline in retailer inventories was in-line with BEA expectations from the third quarter advance GDP report. This comes after the BEA overestimated inventory growth for both manufacturers and merchant wholesalers, which will lead to negative revisions to GDP.
Business sales increased 0.6% in September, up from 0.4% in August.
The inventory/sales ratio remained at 1.27 in September.
Inventory growth for both manufacturers (0.1%) and merchant wholesalers (-0.1%) was known prior to the release. The only piece of new information was that retailer inventories fell 0.1% in September after increasing 0.7% in August.
The decline in retailer inventories was in-line with BEA expectations from the third quarter advance GDP report. This comes after the BEA overestimated inventory growth for both manufacturers and merchant wholesalers, which will lead to negative revisions to GDP.
Business sales increased 0.6% in September, up from 0.4% in August.
The inventory/sales ratio remained at 1.27 in September.
