Sponsored Links 
Feb 10: Wholesale Inventories Down 1.4%
Print
ShareWholesale Inventories decreased by 1.4% in December to the $427.5 billion level, expected to fall by only 0.7%, after decreasing a downwardly revised 0.9% in November from an originally reported -0.6% change. Over the past year, since December 2007, inventories are up by 3.4%. Inventories of Durable Goods decreased by 1.4% over the month, with Computer Equipment inventories decreased the most, by 6.7%, while automotive inventories are up 1.7%. Inventories of Non-Durable Goods are down1.5% over the month, with the largest drop in Petroleum, 8.8%, although alcohol inventories are up 1.5%. Over the year, inventories of Durable Goods increased 6.8% while inventories of Non-Durable Goods decreased by 2%. Wholesale Sales declined by 3.6% in December to $336.1 billion. In addition, the November preliminary estimate was revised downward $0.7 billion or 0.2 percent. Sales in Durable Goods decreased by 2% over the month and by 9.4% over the year, with the largest declinei n Automotive Sales, by 8.1% in December and by 28.3% over 2008. Sale sin Nondurable goods decreased by 4.9% over the month and by 11.8% over the year, as Petroleum Sales decreased by 16.4% in December and by 37.6% in 2008.The Inventory/Sales ratio is 1.27 compared to 1.25 in November and 1.10 from a year ago.
Upcoming Economic Releases
Trade Balance (02/11 at 8:30 AM EST)
Retail Sales (02/12 at 8:30 AM EST0
Initial Claims (02/12 at 8:30 AM EST)
Loading Stories...
More Zacks Resources
More Zacks Links
| Market Summary | Feb 10, 2012 09:53 am ET |
-123.29