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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1253)	2/13/1999 3:00:00 AM
From: porcupine --''''>	Respond to of 1722

Business Inventories Steady in December; uptick in consumer sentiment By BLOOMBERG NEWS -- February 13, 1999 WASHINGTON -- Inventories of unsold goods at United States businesses held steady in December as drops in factory and chain-store stockpiles were offset by increases at auto dealers, building-material suppliers and wholesalers. Business inventories were unchanged for the month at $1.088 trillion after rising an unrevised four-tenths of a percent in November, the Commerce Department said today. Business sales increased 1 percent in December, the largest gain since a 1.1 percent advance in September 1997, to $793.55 billion. That followed an unrevised increase of six-tenths of a percent during November. The inventory-to-sales ratio, a measure of the time that goods sit at wholesalers, fell to 1.37 months, tying the low of July and September 1997. In a separate report, the University of Michigan's preliminary index of consumer sentiment for February rose to 107.4 from 103.9 in January, people with access to the study said.