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Market Update : 
November Business Inventories Advance 0.5 %
Author: Ivaylo Dagnev
123jump.com
Last Update: 8:13 AM EST January 16 2006



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Much of the increase was fueled by a rise in automotive stocks. Analysts had forecast a 0.4% rise in inventories at retailers, wholesalers and manufacturers, compared with the upwardly revised 0.4 % gain in October. Business sales did not match the growth in stocks, increasing 0.1 % in November. The inventories-to-sales ratio increased slightly to 1.26 months from a record low of 1.25 months in October.

 
The following is the un-edited press release from U.S. Census Bureau of the Department of Commerce.


MANUFACTURING AND TRADE INVENTORIES AND SALES
NOVEMBER 2005

Sales. The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for November, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,029.2 billion, up 0.1 percent (±0.2%)* from October and up 6.7 percent (±0.3%) from November 2004.

Inventories. Manufacturers’ and trade inventories adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,293.5 billion, up 0.5 percent (±0.1%) from October and up 3.7 percent (±0.4%) from November 2004.

Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of November was 1.26. The November 2004 ratio was 1.29.




Available at: http://www.census.gov/mtis/www/current.html
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