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Enviado: 8/10/2003 15:07U.S. Aug. wholesale inventories as lean as ever; -0.2% vs forecast +0.1% (10:00am
WASHINGTON (CBS.MW) - U.S. wholesalers cut their inventories by 0.2 percent in August, driving the inventory-to-sales ratio to a record low 1.20, the Commerce Department said Wednesday.
Auto inventories sank 1.7 percent. With very tight inventories prevalent, economists expect that inventory rebuilding will add to output in the coming months.
Sales at wholesalers rose 0.4 percent, with almost all the gain accounted for by a 5 percent increase in petroleum sales.
Sales of durable goods fell 0.7 percent, with declines in most categories.
Inventories of durable goods declined 0.5 percent.
Sales of non-durable goods increased 1.5 percent. Inventories of non-durable goods increased 0.3 percent.
WASHINGTON (CBS.MW) - U.S. wholesalers cut their inventories by 0.2 percent in August, driving the inventory-to-sales ratio to a record low 1.20, the Commerce Department said Wednesday.
Auto inventories sank 1.7 percent. With very tight inventories prevalent, economists expect that inventory rebuilding will add to output in the coming months.
Sales at wholesalers rose 0.4 percent, with almost all the gain accounted for by a 5 percent increase in petroleum sales.
Sales of durable goods fell 0.7 percent, with declines in most categories.
Inventories of durable goods declined 0.5 percent.
Sales of non-durable goods increased 1.5 percent. Inventories of non-durable goods increased 0.3 percent.