IPFS News Link • Business/ Commerce
Auto Inventories Surge: How's That Going to Work?
• mishtalk.com by MishWholesale inventories came in at a consensus 0.2 percent increase led by a sharp build in autos, excluding which March inventories were unchanged. Sales in the wholesale sector were unchanged in the month though the mismatch with the inventory build does not lift the stock-to-sales ratio which holds at a healthy 1.28. These results will not upset expectations for an incremental 0.1 percent rise in Friday's business inventories report. Inventories have been moving higher gradually, largely in line with underlying demand.
Auto Inventories Rise as Sales Slump