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To: Lost1 who wrote (949)	5/15/2002 9:00:44 AM
From: Lost1	Read Replies (1) of 3287

Business Inventories Down for 14th Month May 15, 2002 08:37 AM ET Email this article Printer friendly version WASHINGTON (Reuters) - Stocks at U.S. businesses fell for the fourteenth straight month in March to their lowest level in more than two years and sales rose, the government said on Wednesday in a report showing companies may need to ramp up production to keep up with demand. The Commerce Department said business inventories in March were down 0.3 percent, slightly more than analyst expectations of a 0.2 percent drop. This compared to a fall of 0.2 percent the previous month. Stocks in March totaled $1,117 billion, their lowest level since October 1999. Boosted by quick sales at manufacturers, total business sales rose 0.3 percent after falling 0.8 percent in February. The stock-to-sales ratio -- the time it would take to deplete inventories at the current sales pace -- fell to 1.38 months from an upwardly revised 1.39 months in February.

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