Reply #30: Wholesale Inventories UP 0.8% above concensus of 0.4% [View All]

[UpInArms]

10:00am 06/08/05 U.S. APRIL WHOLESALE INVENTORY-SALES RATIO 1.18

10:00am 06/08/05 U.S. APRIL WHOLESALE SALES UP 1.5%

10:00am 06/08/05 U.S. APRIL WHOLESALE INVENTORIES UP 0.8%

They are trying to put a huge spin on this number, but here is the bottom line:

http://www.marketwatch.com/news/story.asp?guid=%7B7A2A01DF%2D0C70%2D4637%2DBD53%2DD4EF02FE5BB9%7D&siteid=mktw

excerpt to the facts:

Wholesale inventories are up 11.8% from a year earlier, while sales are up 8.1%. The figures are adjusted for seasonal factors, but not for price changes.

Inventory gains were concentrated in nondurables, where inventories increased 1.4%. Petroleum inventories increased 1%, again despite falling prices. Drug inventories fell 0.4%, driving the inventory-to-sales ratio to a record low 1.04.

The inventory-to-sales ratio for nondurable goods remained at 0.88.

...more...