Inventories grew by a robust 0.5% in April. But sales generally grew faster. As a result inventory to sales ratios generally fell. The exception to this was the motor vehicles sector where inventory growth outpaced - and has been outpacing - sales growth to the consternation of producers.
It was not a bad report at all for the economy at all. Some inventory growth will augment GDP yet I-to-S ratios are tamed.
1 comment:
A dull report.
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