Sharck Soup Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Sharck Soup

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sharck who wrote (16225)	4/14/2001 10:04:48 AM
From: Sharck	Read Replies (1) of 37746

And another : Inventories Drop, First Time Since Dec.'98 Apr 13 8:42am ET WASHINGTON (Reuters) - Stockpiles on U.S. company shelves fell for the first time in over two years in February, the government said on Friday, in a report which offered some hope inventory imbalances could be improving. The Commerce Department said business inventories fell 0.2 percent in February to $1.219 trillion after gaining 0.1 percent in January. Economists polled by Reuters had forecast inventories would be unchanged in February. The inventory decline was the first since a 0.1 percent drop seen in December of 1998 and was the largest fall since a 0.3 percent contraction in March of 1996. The report was good news for the U.S. economy because one of the imbalances which has led to the dramatic slowing of the economy was in business inventories, which were becoming bloated compared to sales. Sales of goods fell 0.3 percent to $892.13 billion in February after a 0.2 percent decline in the previous month. With sales and inventories falling by similar amounts, the stock-to-sales ratio, a measure of how long it would take to totally deplete stocks at the current sales pace, held steady at 1.37 months.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next