Intraday Economic News: U.S. Business Inventories Rise 0.8% In April Jun 11
- ID: 1824585
- June 2011
- Region: United States
- Standard & Poors
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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