(Finance) – They are coming data below expectations from US industry inventories and sales in March.
As communicated by the Bureau of Census US inventories fell by 0.1% to 2,490 billion dollars, against the +0.1% estimated by analysts and after the +0.2% of the previous month. On an annual basis there was an increase of 6.5%.
In the same period the sales they fell 1.1% month-on-month to $1,790.8 billion. Over the year, there was a negative change of 0.3% compared to March 2022.
There inventory/sales ratio stood at 1.39. In March 2022 it was equal to 1.30. This figure measures how many months it takes for a company to completely deplete its stock.
(Photo: Photo by Adrian Sulyok on Unsplash)