Wednesday, February 14, 2007

Forex News: 14.02.2007 U.S. business inventories flat in December

U.S. businesses worked down their inventories in December after a sharp buildup in previous months.

Inventory tlevels were unchanged, as expected, while sales increased 1.3%. It's the slowest growth in inventories since July 2005.

The inventory-to-sales ratio fell back to 1.28 in December from 1.30 in November. It's the lowest level of inventories in relation to sales since August.

In the past year, business sales are up 4.4%, while inventories are up 6%.


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