REUTERS: U.S. WHOLESALE INVENTORIES FALL FOR 12TH MONTH
According to a Reuters article posted by Forbes.com, wholesale inventories have dropped for the 12th consecutive month while sales jumped their greatest percentage in a year. Predict what else is in store for inventories in the coming months.
Reuters Excerpt:
U.S. wholesalers pared their stocks in August, with inventories falling for the 12th consecutive month and sales posting their largest rise in more than a year, Commerce Department data showed on Thursday.
Wholesale inventories fell 1.3 percent in August, after dropping a revised 1.6 percent in July, which was originally reported as a 1.4 percent decline. Sales rose 1 percent in August, following a 0.6 percent increase the prior month, which was previously reported as up 0.5 percent.
Analysts polled by Reuters had anticipated inventories would drop by a smaller 1 percent and sales would rise by a much slimmer 0.7 percent.