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Intraday Economic News: U.S. Business Inventories Rise 0.8% In April Jun 11 Product Image

Intraday Economic News: U.S. Business Inventories Rise 0.8% In April Jun 11

  • ID: 1824585
  • June 2011
  • Region: United States
  • Standard & Poors

Abstract
U.S. business inventories rose 0.8% in April, just less than the 0.9% gain the consensus expected, though after an upwardly revised 1.3% increase in March (previously up 1.1%). Retailer inventories edged up 0.1% in April after a 1.0% gain in March. The inventory-sales ratio rose to 1.26 from 1.25 in March. On a year-over-year basis, total business inventories are up 11% over last April, with retailer inventories up 7.6%. The report came in about as expected, to likely be overlooked by markets today....

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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