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Non-Tech : Banks--- Betting on the recovery
WFC 83.69-1.2%9:44 AM EST

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From: tejek5/8/2009 11:17:24 AM
1 Recommendation   of 1428
 
Wholesale Inventories to Sales Reverse Gear

5/8/2009 10:07 AM EDT

Wholesale inventories keep falling at a solid clip -- another 1.6% drop in March. That is still below the rate of falling sales, which fell 2.4% in the month. The inventory-to-sales ratio ticked back up to 1.32, which is not helpful for the start of inventory restocking to begin. The wholesale inventories-to-sales ratio had fallen back to 1.31 in February from 1.34 in January. Yet we probably need to get back to around 1.20 to see a major restocking move, and that is unlikely to be seen until much later in the year.

www2.census.gov
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