Wednesday, April 15, 2009

Inventories Continue to Fall...

Yesterday we saw another monthly decline in business inventories. Xinhuanet with the details:

Inventories held by U.S. businesses on shelves and backlots fell 1.3 percent in February, marking the sixth straight monthly decline, the Commerce Department reported Tuesday.

The 1.3 percent drop in business inventories matched the January decline and close to the 1.2 percent fall that economists had expected.

The sixth consecutive decline is the longest stretch since the country's businesses cut their stockpiles for 15 straight months ending in April 2002, a period that covered the last recession.

The February drop in inventories came as businesses' sales edged up by 0.2 percent, rebounding from a 1.2 percent decline in January.

Source: Census

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