15:00 - Dados States
Enviado: 9/11/2006 16:01U.S. Sept. wholesale sales first decline since Dec. 2005
U.S. wholesale inventory-sales ratio highest in a year
U.S. Sept. wholesale inventory-sales ratio rises to 1.53
U.S. Sept. wholesale inventories up 0.8%, sales fall 1.2%
ECONOMIC REPORT: Wholesale inventories build up to one-year high; Sales fall 1.2%, while inventories rise 0.8% in September
Related Blog Posts & ArticlesBy Rex Nutting, MarketWatch
Last Update: 10:00 AM ET Nov 9, 2006
WASHINGTON (MarketWatch) - Inventories at U.S. wholesalers rose to their highest level in relation to sales in more than a year in September, the Commerce Department reported Wednesday.
Sales at wholesalers fell 1.2% in September, the first decline since last December and biggest drop in three years, while inventories increased 0.8%.
The inventory-to-sales ratio rose to 1.18 in September, the highest since August 2005. It was at a record low 1.15 in July and rose to 1.16 in August. The typical wholesaler has about 36 days of sales on hand, up from 35 days in August.
The buildup in inventories, if sustained throughout the pipeline running from production to final sales, could lead to cutbacks in output and employment.
The increase in inventories was slightly higher than the 0.6% predicted by economists surveyed by MarketWatch. Inventories had increased an upwardly revised 1.2% in August.
Inventories are up 9.9% in the past year. Sales are up 8.1% in the past year. The figures are not adjusted for price changes.
The wholesale inventory report rarely affects financial markets. It is of interest primarily to economists tweaking their estimates for gross domestic product. The Commerce Department will finalize its estimates for business sales and inventories for September with the release of the retail inventory data next week.
Wholesalers are middlemen between retailers and producers. They serve as absorbers for supply and demand shocks. Trends in wholesale trade are not considered leading indicators.
In other reports, the Commerce Department said the trade deficit narrowed to $64 billion in September.
The Labor Department reported import prices fell 2% in October on large declines in petroleum and natural gas prices.
The Labor Department reported first-time claims for unemployment benefits fell by 20,000 to 308,000 last week.
Details of wholesale report
In September, inventories of durable goods rose 1.5%, including a 1.9% gain in auto inventories. Large increases were also reported in lumber, metals, machinery and computers. Sales of durable goods fell 0.3%, including a 1.3% drop in autos.
The inventory-to-sales ratio rose to 1.53 from 1.50 for durable goods. It's the highest ratio in three years.
Inventories of nondurable goods fell 0.4% in September, led by drugs and farm products. Inventories of petroleum increased 2.4%. Sales of nondurable goods dropped 2% in September, led by 7.1% drop in petroleum.
The inventory-to-sales ratio rose to 0.84 from 0.83 for nondurable goods. It's the highest ratio since March.
U.S. Nov. UMich consumer sentiment 92.3 vs 93.6 in Oct.
U.S. Nov. UMich sentiment below consensus 93.8
WASHINGTON (MarketWatch) -- Consumer sentiment eroded in November, according to researchers at the University of Michigan on Thursday. The consumer sentiment index fell to 92.3 in November from 93.6 in October. The increase was below the consensus forecast of Wall Street economists who had expected sentiment to rise to 93.8.
U.S. wholesale inventory-sales ratio highest in a year
U.S. Sept. wholesale inventory-sales ratio rises to 1.53
U.S. Sept. wholesale inventories up 0.8%, sales fall 1.2%
ECONOMIC REPORT: Wholesale inventories build up to one-year high; Sales fall 1.2%, while inventories rise 0.8% in September
Related Blog Posts & ArticlesBy Rex Nutting, MarketWatch
Last Update: 10:00 AM ET Nov 9, 2006
WASHINGTON (MarketWatch) - Inventories at U.S. wholesalers rose to their highest level in relation to sales in more than a year in September, the Commerce Department reported Wednesday.
Sales at wholesalers fell 1.2% in September, the first decline since last December and biggest drop in three years, while inventories increased 0.8%.
The inventory-to-sales ratio rose to 1.18 in September, the highest since August 2005. It was at a record low 1.15 in July and rose to 1.16 in August. The typical wholesaler has about 36 days of sales on hand, up from 35 days in August.
The buildup in inventories, if sustained throughout the pipeline running from production to final sales, could lead to cutbacks in output and employment.
The increase in inventories was slightly higher than the 0.6% predicted by economists surveyed by MarketWatch. Inventories had increased an upwardly revised 1.2% in August.
Inventories are up 9.9% in the past year. Sales are up 8.1% in the past year. The figures are not adjusted for price changes.
The wholesale inventory report rarely affects financial markets. It is of interest primarily to economists tweaking their estimates for gross domestic product. The Commerce Department will finalize its estimates for business sales and inventories for September with the release of the retail inventory data next week.
Wholesalers are middlemen between retailers and producers. They serve as absorbers for supply and demand shocks. Trends in wholesale trade are not considered leading indicators.
In other reports, the Commerce Department said the trade deficit narrowed to $64 billion in September.
The Labor Department reported import prices fell 2% in October on large declines in petroleum and natural gas prices.
The Labor Department reported first-time claims for unemployment benefits fell by 20,000 to 308,000 last week.
Details of wholesale report
In September, inventories of durable goods rose 1.5%, including a 1.9% gain in auto inventories. Large increases were also reported in lumber, metals, machinery and computers. Sales of durable goods fell 0.3%, including a 1.3% drop in autos.
The inventory-to-sales ratio rose to 1.53 from 1.50 for durable goods. It's the highest ratio in three years.
Inventories of nondurable goods fell 0.4% in September, led by drugs and farm products. Inventories of petroleum increased 2.4%. Sales of nondurable goods dropped 2% in September, led by 7.1% drop in petroleum.
The inventory-to-sales ratio rose to 0.84 from 0.83 for nondurable goods. It's the highest ratio since March.
U.S. Nov. UMich consumer sentiment 92.3 vs 93.6 in Oct.
U.S. Nov. UMich sentiment below consensus 93.8
WASHINGTON (MarketWatch) -- Consumer sentiment eroded in November, according to researchers at the University of Michigan on Thursday. The consumer sentiment index fell to 92.3 in November from 93.6 in October. The increase was below the consensus forecast of Wall Street economists who had expected sentiment to rise to 93.8.