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

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

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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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