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%.
posted by Kalin Tasev @ 9:38 AM
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