Business Inventories increased by 0.5% in February to $1, 326.4 billion, against the consensus estimate of a 0.4% increase. Business inventories had increased by 0.2% in January, and currently stand 6.7% less than February 2009 levels. The inventories/sales ratio was 1.27 at the end of February, compared to 1.46 recorded a year ago.
Crude inventories decreased by 2.2 million barrels, for the week ending April 9, from the previous week to 354.0 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 14.8 million barrels per day during this period, 209 thousand barrels per day above the previous week’s average. U.S. crude oil imports were averaging 8.9 million barrels per day, down 681 thousand barrels per day from the previous week.
Upcoming Releases
Initial Claims (04/15 at 8:30 AM EST)
Net Foreign Purchases (04/15 at 9:00 AM EST)
Industrial Production (04/15 at 9:15 AM EST)
Capacity Utilization (04/15 at 9:15 AM EST)
Initial Claims (04/15 at 8:30 AM EST)
Net Foreign Purchases (04/15 at 9:00 AM EST)
Industrial Production (04/15 at 9:15 AM EST)
Capacity Utilization (04/15 at 9:15 AM EST)
