15:00 - Dados States
Enviado: 9/8/2005 15:0610:00am 08/09/05 U.S. JUNE WHOLESALE AUTO INVENTORIES UP 3.1%
10:00am 08/09/05 U.S. JUNE WHOLESALE INVENTORY-SALES RATIO REMAINS AT 1.19
10:00am 08/09/05 U.S. JUNE WHOLESALE SALES UP 0.6%
10:00am 08/09/05 U.S. JUNE WHOLESALE INVENTORIES UP 0.7% VS. 0.3% EXPECTED
ECONOMIC REPORT: Wholesale inventories rise on autos
By Rex Nutting, MarketWatch
Last Update: 10:00 AM ET Aug. 9, 2005
WASHINGTON (MarketWatch) - Inventories at U.S. wholesalers increased 0.7% in June, led by a 3.1% increase in auto inventories, the Commerce Department reported Tuesday.
Sales at wholesalers grew by 0.6%, led by a 3.5% increase in petroleum sales.
Economists surveyed by MarketWatch were expecting wholesale inventories to rise 0.3%.
Sales are up 7.8% in the past year, while inventories have increased 10.2%. In May, sales increased 0.1%, while inventories rose a revised 0.3%.
The inventory-to-sales ratio remained at 1.19, indicating stockpiles are relatively lean. A year ago, the ratio was at 1.16.
Financial markets rarely react to the wholesale trade data. They are chiefly of interest to economists, who use the data to fill in gaps in their estimates of gross domestic product.
Wholesalers are the middlemen between manufacturers and retailers, serving as a shock absorber for the business sector. Trends in the sector typically reflect conditions in the rest of the economy.
The increase in wholesale inventories could be a sign that firms were building up stockpiles on the belief that their inventories had gotten too lean.
In the first estimate of second-quarter gross domestic product, slower growth in inventory building had subtracted 2.4 percentage points from growth, but the June data released Tuesday point to an upward revision in GDP from the 3.4% originally reported.
Sales of durable goods increased 0.3% in June, held back by tepid sales of metals, computers and electrical equipment. Sales of autos, furniture and machinery were robust.
Inventories of durable goods rose 0.9%, including the 3.1% gain in autos, the largest since December 2003. Stockpiles of machinery increased 1.5% while computer inventories increased 1.4%. Inventories of metals, lumber and furniture declined.
The inventory-to-sales ratio for durable goods rose to 1.50 from 1.49.
Sales of nondurable goods increased 0.8% on the 3.5% rise in petroleum sales, which was likely the result of higher prices. Drug sales increased 2.1%.
Inventories of nondurable goods increased 0.3%, with declines in drugs and groceries offsetting a large increase in petroleum.
The inventory-to-sale ratio for nondurable goods remained at 0.88. The inventory-to-sales ratio for drugs fell to a record low 1.01. The ratio for petroleum remained at 0.30.
10:00am 08/09/05 U.S. JUNE WHOLESALE INVENTORY-SALES RATIO REMAINS AT 1.19
10:00am 08/09/05 U.S. JUNE WHOLESALE SALES UP 0.6%
10:00am 08/09/05 U.S. JUNE WHOLESALE INVENTORIES UP 0.7% VS. 0.3% EXPECTED
ECONOMIC REPORT: Wholesale inventories rise on autos
By Rex Nutting, MarketWatch
Last Update: 10:00 AM ET Aug. 9, 2005
WASHINGTON (MarketWatch) - Inventories at U.S. wholesalers increased 0.7% in June, led by a 3.1% increase in auto inventories, the Commerce Department reported Tuesday.
Sales at wholesalers grew by 0.6%, led by a 3.5% increase in petroleum sales.
Economists surveyed by MarketWatch were expecting wholesale inventories to rise 0.3%.
Sales are up 7.8% in the past year, while inventories have increased 10.2%. In May, sales increased 0.1%, while inventories rose a revised 0.3%.
The inventory-to-sales ratio remained at 1.19, indicating stockpiles are relatively lean. A year ago, the ratio was at 1.16.
Financial markets rarely react to the wholesale trade data. They are chiefly of interest to economists, who use the data to fill in gaps in their estimates of gross domestic product.
Wholesalers are the middlemen between manufacturers and retailers, serving as a shock absorber for the business sector. Trends in the sector typically reflect conditions in the rest of the economy.
The increase in wholesale inventories could be a sign that firms were building up stockpiles on the belief that their inventories had gotten too lean.
In the first estimate of second-quarter gross domestic product, slower growth in inventory building had subtracted 2.4 percentage points from growth, but the June data released Tuesday point to an upward revision in GDP from the 3.4% originally reported.
Sales of durable goods increased 0.3% in June, held back by tepid sales of metals, computers and electrical equipment. Sales of autos, furniture and machinery were robust.
Inventories of durable goods rose 0.9%, including the 3.1% gain in autos, the largest since December 2003. Stockpiles of machinery increased 1.5% while computer inventories increased 1.4%. Inventories of metals, lumber and furniture declined.
The inventory-to-sales ratio for durable goods rose to 1.50 from 1.49.
Sales of nondurable goods increased 0.8% on the 3.5% rise in petroleum sales, which was likely the result of higher prices. Drug sales increased 2.1%.
Inventories of nondurable goods increased 0.3%, with declines in drugs and groceries offsetting a large increase in petroleum.
The inventory-to-sale ratio for nondurable goods remained at 0.88. The inventory-to-sales ratio for drugs fell to a record low 1.01. The ratio for petroleum remained at 0.30.