Tuesday, March 13, 2007

Forex News: 13.03.2007 U.S. business inventories rose in January

U.S. business inventories grew again in January after a one-month drawdown in December.

Business sales fell 0.7% in January, while inventories increased 0.2%. In relation to sales, inventory levels equaled a two-year high.

The inventory-to-sales ratio rose to 1.30 from 1.28. The 0.2% increase in inventories matched expectations of economists.

In the past year, business sales are up 1.9%, while inventories are up 5.7%.


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