- US DATA: Oct business inv +0.7%, below expections of +1.0% because retail inventories -0.6% due to +1.8% retail sales.
Market news
14 December 2010
US DATA: Oct business inv +0.7%, below expections of +1.0% because retail inventories -0.6% due to +1.8% retail sales.
Retail inv ex mtr veh inv -0.3%, with mtr veh inv -1.3%. Business inv ex. retail auto +0.9%. There were inventory declines in every retail category except clothing and dept stores. Business sales +1.4% in Oct, pulling the inv/sales ratio down to 1.27, still below the 1.30 ratio a year ago. NSA business sales +7.3% yr/yr, and NSA inv +7.0% yr/yr.
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