Tuesday, December 12, 2006

Forex News: 12.12.2006 U.S. October wholesales inventories up 0.8 pct

Inventories at US wholesalers rose at a faster-than-expected pace in October as sales posted the first pair of consecutive declines. Inventories at US wholesalers rose 0.8 pct in October, compared with a 0.6 pct expected rise.

Sales fell 0.5 pct in October, the second decline in a raw.

The inventory-to-sales ratio rose slightly to 1.20 from 1.18 in the prior month.

Durable goods sales fell 0.4 pct, led by a 3.3 pct decline in machinery sales. The decline was moderated by a 2.5 pct gain in auto sales. Inventories of durable goods rose 0.7.


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