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Free AccessMNI DATA ANALYSIS: US Dec Business Inventories Rise 0.6%>
--Retail Inventories Up 0.9%
--Total Business Inventories Excluding Retail Auto Rise 0.6%
--Unpublished Retail Components Up 1.2%, MNI Calculation Shows
By Harrison Clarke and Shikha Dave
WASHINGTON (MNI) - The value of business inventories in December
was up 0.6% from November as expected by both an MNI survey and the
Bloomberg consensus, data released by the Commerce Department Monday
morning showed.
Retail inventories posted 0.9% gain, while the wholesale
inventories report showed a 1.1% increase in the month, while factory
inventories were already reported to be flat.
According to an MNI calculation, if a 0.6% increase in motor
vehicle inventories had been excluded, total business inventories would
have been up 0.6% in December.
After excluding the increase in motor vehicle inventories, the
remaining retail categories were up 1.0%. All of the other retail
inventory components were generally up in December.
At the same time, the relatively large unpublished retail category
was up 1.2% following a 0.3% decrease in November, according to an
MNI calculation.
--BUSINESS SALES FALL IN DECEMBER
December business sales posted a 1.0% decrease in the month, and
retail sales excluding food services were down 1.8% in December. There
was a previously announced 0.2% decline for factory shipments, which are
equal to sales in this report, and wholesale sales posted a 1.0%
decline.
The inventory-to-sales ratio was up in December to 1.38 from 1.36
in November due to faster growth in inventories compared to sales in
December. The ratio was up from the 1.34 level seen in December 2017, as
sales and inventory growth has slightly outpaced sales growth over the
last year.
** MNI Washington Bureau: 202-371-2121 **
[TOPICS: MAUDS$,M$U$$$,MAUDR$]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.