Business Inventories increased by 0.6% in August to $1,386.5 billion, matching expectations. Business inventories had increased by 1.1% in July, and currently stand 4.7% more than August 2009 levels. The inventories/sales ratio was 1.27 at the end of August, compared to 1.31 recorded a year ago.
Upcoming Releases
Treasury Budget (10/15 at 2:00 PM EST)
Net Foreign Purchases (10/18 at 9:00 AM EST)
Industrial Production (10/18 at 9:15 AM EST)
Housing Starts (10/19 at 8:30 AM EST)
Net Foreign Purchases (10/18 at 9:00 AM EST)
Industrial Production (10/18 at 9:15 AM EST)
Housing Starts (10/19 at 8:30 AM EST)
