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13:30 - Dados States
8:38am 09/15/04 U.S. SEPT. EMPIRE STATE INDEX 28.3 VS 13.2 IN AUG. VS 18.1 EXPECTED
New York manufacturing activity picked up in Sept.
WASHINGTON (CBS.MW) -- Manufacturing activity in the New York area expanded in September, the New York Federal Reserve Bank said Wednesday.
The bank's Empire State Manufacturing index rose to 28.3 in September from 13.2 in August.
Readings over zero indicate expansion.
The rise larger than expected. Economists were expecting the index to rise to about 18.1 in September.
8:30am 09/15/04 U.S. JULY RETAIL INVENTORIES RISE 0.6 PERCENT
8:30am 09/15/04 U.S. JULY INVENTORY-SALES RATIO RISES TO 1.32
8:30am 09/15/04 STRONGEST TWO-MONTH GAIN IN INVENTORIES IN 4 YEARS
8:30am 09/15/04 U.S. JULY INVENTORIES UP 0.9% VS. 0.8% EXPECTED
8:30am 09/15/04 U.S. JUNE INVENTORIES REVISED TO 1.1% FROM 0.9%
ECONOMIC REPORT: U.S. inventories rise 0.9% in July
By Rex Nutting, CBS.MarketWatch.com Last Update: 8:55 AM ET Sept. 15, 2004
WASHINGTON (CBS.MW) -- Inventories at U.S. businesses grew a stronger-than-anticipated 0.9 percent in July, outpacing a 0.6 percent increase in sales, the Commerce Department estimated Wednesday.
The inventory-to-sales ratio rose to 1.32, recovering from 1.31 in June and a record low 1.30 in May.
Economists had been expecting the nation's inventories to rise 0.8 percent for July, according to a survey conducted by CBS MarketWatch.
Inventories increased a revised 1.1 percent in June, up from the 0.9 percent originally estimated. It's the strongest two-month increase since late 1999.
The growth in inventories will add to third-quarter gross domestic product growth, but its long-range effect on the economy is ambiguous.
Businesses could be purposely building up their inventories to meet anticipated growing demand, which would be very bullish for growth. Or they could be accidentally ordering more goods than they can sell, which would ultimately lead to falling orders, production and employment.
There is no indication that inventories are extremely overbuilt as yet.
Most of the data in the inventory report had been released earlier in reports on wholesale trade and manufacturing.
In one bit of fresh news, the government reported retail inventories increased 0.6 percent, about matching the 0.7 percent rise in sales. The inventory-to-sales ratio fell to 1.56 from 1.57.
Auto inventories increased 1.8 percent in July after rising 2.4 percent in May. Automakers have said they'll cut their production targets to match expectations for slightly weaker demand.
Meanwhile, manufacturers' inventories rose 0.8 percent in July as sales increased 0.6 percent. The inventory-to-sales ratio stayed at 1.23.
And wholesalers' inventories rose 1.3 percent in July as sales increased 0.5 percent. The inventory-to-sales ratio rose to 1.16 from 1.15.
New York manufacturing activity picked up in Sept.
WASHINGTON (CBS.MW) -- Manufacturing activity in the New York area expanded in September, the New York Federal Reserve Bank said Wednesday.
The bank's Empire State Manufacturing index rose to 28.3 in September from 13.2 in August.
Readings over zero indicate expansion.
The rise larger than expected. Economists were expecting the index to rise to about 18.1 in September.
8:30am 09/15/04 U.S. JULY RETAIL INVENTORIES RISE 0.6 PERCENT
8:30am 09/15/04 U.S. JULY INVENTORY-SALES RATIO RISES TO 1.32
8:30am 09/15/04 STRONGEST TWO-MONTH GAIN IN INVENTORIES IN 4 YEARS
8:30am 09/15/04 U.S. JULY INVENTORIES UP 0.9% VS. 0.8% EXPECTED
8:30am 09/15/04 U.S. JUNE INVENTORIES REVISED TO 1.1% FROM 0.9%
ECONOMIC REPORT: U.S. inventories rise 0.9% in July
By Rex Nutting, CBS.MarketWatch.com Last Update: 8:55 AM ET Sept. 15, 2004
WASHINGTON (CBS.MW) -- Inventories at U.S. businesses grew a stronger-than-anticipated 0.9 percent in July, outpacing a 0.6 percent increase in sales, the Commerce Department estimated Wednesday.
The inventory-to-sales ratio rose to 1.32, recovering from 1.31 in June and a record low 1.30 in May.
Economists had been expecting the nation's inventories to rise 0.8 percent for July, according to a survey conducted by CBS MarketWatch.
Inventories increased a revised 1.1 percent in June, up from the 0.9 percent originally estimated. It's the strongest two-month increase since late 1999.
The growth in inventories will add to third-quarter gross domestic product growth, but its long-range effect on the economy is ambiguous.
Businesses could be purposely building up their inventories to meet anticipated growing demand, which would be very bullish for growth. Or they could be accidentally ordering more goods than they can sell, which would ultimately lead to falling orders, production and employment.
There is no indication that inventories are extremely overbuilt as yet.
Most of the data in the inventory report had been released earlier in reports on wholesale trade and manufacturing.
In one bit of fresh news, the government reported retail inventories increased 0.6 percent, about matching the 0.7 percent rise in sales. The inventory-to-sales ratio fell to 1.56 from 1.57.
Auto inventories increased 1.8 percent in July after rising 2.4 percent in May. Automakers have said they'll cut their production targets to match expectations for slightly weaker demand.
Meanwhile, manufacturers' inventories rose 0.8 percent in July as sales increased 0.6 percent. The inventory-to-sales ratio stayed at 1.23.
And wholesalers' inventories rose 1.3 percent in July as sales increased 0.5 percent. The inventory-to-sales ratio rose to 1.16 from 1.15.
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