Looking at components, inventories at retailers rose 0.2 percent in October vs a 0.4 percent rise for sales. Here too the inventory-to-sales ratio is unchanged, at 1.42 for this component. This morning's strong retail sales report for November points to a possible draw for retail inventories and a decline in the stock-to-sales ratio in this report next month.
The inventory-to-sales ratios for the two other components, wholesalers and manufacturers, also show little change with wholesalers at 1.19 for a 3rd month and manufacturers at 1.31 vs 1.30 in September and August. Note that the data for wholesalers and manufacturers were previously reported.
The nation's inventories remain lean and well managed which are important positives for future production and employment.
Recent History Of This Indicator:
Business inventories were up 0.3 percent in September, and rose a bit relative to sales, which were unchanged, but not enough to shake up the inventory-to-sales ratio which held steady at 1.30. Retail inventories did pile up slightly, to an inventory-to-sales ratio of 1.42 vs 1.41 in August. But the solid retail sales report for October points to easing for this ratio in the November report. Ratios in the report's other two components were unchanged, at 1.30 for manufacturers and 1.19 for wholesalers.
Business inventories were up 0.3 percent in September, and rose a bit relative to sales, which were unchanged, but not enough to shake up the inventory-to-sales ratio which held steady at 1.30. Retail inventories did pile up slightly, to an inventory-to-sales ratio of 1.42 vs 1.41 in August. But the solid retail sales report for October points to easing for this ratio in the November report. Ratios in the report's other two components were unchanged, at 1.30 for manufacturers and 1.19 for wholesalers.
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