Silicon Investor (SI) -- The First Internet Community

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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (55699)	11/16/2001 2:38:24 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

WIRE: 11/15/2001 8:44 am ET Business Inventories Fall in September abcnews.go.com WASHINGTON (Reuters) - U.S. businesses trimmed their inventories for the eighth straight month in September, as firms continued to pare down overflowing stocks that stacked up as the economy slowed, the government said on Thursday. Inventories at U.S. businesses fell 0.5 percent in September following a downwardly revised 0.2 percent decline in August. The decline exceeded estimates from Wall Street analysts, who on average had figured business inventories fell 0.3 percent in September. Business sales, meanwhile, fell 2.8 percent in September as the attacks on Sept. 11 sapped consumer and business spending. The decline in September followed a 0.1 percent gain in August. Although inventories fell, the decline in sales led to a sharp rise in the stock-to-sales ratio, which measures how long it would take firms to sell down existing inventories. The ratio rose to 1.45 months' worth in September from 1.42 months' worth in the prior month.