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Politics : Formerly About Advanced Micro Devices

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To: Duncan Baird who started this subject	3/14/2001 11:31:32 AM
From: tejek	Read Replies (1) of 1572776

Business Inventories Rise 0.4 Percent By JEANNINE AVERSA .c The Associated Press WASHINGTON (March 14) - Inventories of unsold goods rose 0.4 percent in January as businesses struggled to trim excess supplies to bring them back in line with demand. Sales were flat. The advance boosted inventories of goods on shelves and backlots to a seasonally adjusted $1.22 trillion, the Commerce Department reported Wednesday. At the same time, sales showed no change at $896.6 billion. The increase in inventories was the largest since a 0.7 percent rise in October and was slightly bigger than the 0.3 percent advance many analysts were expecting. The inventory-to-sales ratio, which measures how long it would take businesses to exhaust their inventories at January's sales pace, rose to 1.37 months, suggesting that businesses were still holding excess supplies. January's ratio was the highest since March 1999 when it also stood at 1.37 months. Consumers' and businesses' appetite for goods has slumped as the economy has slowed. To work off inventories and bring them more in line with demand, companies are laying off workers, reducing shifts to curb production and deeply discounting merchandise. AP-NY-03-14-01 0834EST Copyright 2001 The Associated Press.

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