Dec 10: Wholesale Sales Fall 4.2%
Zacks Market Commentaries (December 10th, 2008) Writes:
The Census Bureau Reported Wholesale Inventories decreased by 1.1% in October to the $438.2 billion level, expected to fall by only 0.2%, after decreasing a downwardly revised 0.4% in September from an originally reported -0.1%. From October 2007, Wholesale Inventories are up 8.0%. Over the past month, Inventories in Nondurable goods decreased 2.6%, with the highest decrease in Petroleum (-18.22%) and Farm Products (-8.5%) Inventories in Durable goods decreased by -0.2%, Decreasing 3.5% in Miscellaneous Durables and increasing 1.4% in Computer Equipment. Wholesale Sales declined 4.2% in October from the upwardly revised September level to $377.469.2 billion, but up 8.0% from October 2007. Over the past month, sales in Nondurable goods decreased 4.1%, with the highest decrease in Petroleum (-11.2%) and Farm Products (-6.2%), while Sales in paper products increased 1.1%. Sales in Durable goods decreased by -4.2%, with the largest decrease in Miscellaneous Durable Goods (-20.7%) and
...Bureau of the Census, machinery, paper products, Stocks to Watch, USD, Zacks Market Commentaries


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