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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marginnayan who wrote (15202)	11/9/2004 10:50:09 AM
From: mishedlo	Respond to of 116555

Wholesale inventories cbs.marketwatch.com Wholesale inventories rose 0.5 percent in September, the slowest rise since April, the Commerce Department estimated Tuesday. The rise was slightly slower than the 0.7 percent increase forecast by economists polled by CBS MarketWatch. See Economic Calendar. Wholesale sales rose 0.6 percent in the month. The inventory-to-sales ratio, an indication of stockpiles relative to demand, remained at 1.15 for the fourth consecutive month. That is slightly above April's record low of 1.12. Read the full report. Inventories in August were revised to a 1.1 percent increase after the initial estimate of a 0.9 percent rise. Durable-goods inventories rose 1 percent in September after rising 1.9 percent in the prior month. Durable goods sales fell 0.1 percent in September after rising 0.7 percent in August. The inventory-to-sales ratio for durables rose to 1.46 in September from 1.44 in August. Automobile inventories fell 0.6 percent in the month after rising 1.6 percent in August. Automobile sales rose 0.8 percent in September after rising 1.2 percent in August. Nondurable-goods inventories fell 0.3 percent in September after falling 0.2 percent in August. Inventories of petroleum declined 2.7 percent by dollar value. The inventory-to-sales ratio for nondurables fell to 0.86 from 0.88.