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10:00 AM ET, May 11, 2007 - 4 minutes ago
U.S. March inventories-sales ratio falls to 1.27 vs 1.29 Feb
U.S. March retail inventories biggest drop since July '05
U.S. March retail inventories down 0.7%
U.S. March business sales up 1.4%, largest since May '06
U.S. March business inventories biggest drop since July '05
U.S. March business inventories down 0.1% vs up 0.3% expect

ECONOMIC REPORT: Inventories fall unexpectedly in March; Inventory-to-sales ratio falls to lowest level since Aug. '06
By Greg Robb, MarketWatch Last Update: 10:01 AM ET May 11, 2007

WASHINGTON (MarketWatch) - Inventories at U.S. businesses fell an unexpected 0.1% in March, the Commerce Department said Friday.
This was the biggest decline in inventories since July 2005.
Much of the data in the report had been released previously. The one new bit of information was the surprising 0.7% drop in retail inventories in March. This was also the biggest drop in retail stocks since July 2005.
Economists polled by MarketWatch had been looking for a rise of 0.3% in inventories.
Total business sales, meanwhile, rose 1.4%, the government said. This was the largest increase since May 2006.
As a result, the inventory-to-sales ratio fell to 1.27 in March from 1.29 in February. This is the lowest ratio since last August.
Retail sales increased 0.9 % in March. The inventory-to-sales ratio in retail fell to 1.46 in March from 1.48 in February.
Sales at manufacturers climbed 1.5 in March, while inventories rose 0.2%. The inventory-to-sales ratio fell to 1.23 in March from 1.25 in February.
Sales at wholesalers increased 1.8%, while inventories rose 0.3%. The inventory-to-sales ratio inched lower to 1.14 from 1.15 in the previous month.