U.S. Wholesale Inventories Decline in April
(ForexDistrict) – U.S. wholesale inventories declined for the month of April by 1.4%, according to data released by the U.S. Census Bureau. The decline followed a revised -1.8% the month prior, indicating the eight consecutive month of decline among this index.
Sales for the month declined 0.4% and are now 19.5% below the level a year ago.
The data was estimated to decrease by 0.5 percentage points according with market estimates, as analyst were expecting a number at -1.1%.
Sales to inventory ratio among wholesalers reads at the 1.31 level, following the 1.12 recorded in April 2008.
By Manuel Ramirez. Edited by Juan P. Bejarano
Originally posted at www.forexdistrict.comU.S. Wholesale Inventories
Popularity: 1% [?]
Filed Under: Featured, Forex News
Comments
No Comments
Leave a reply