The Economy Part II.
August 11, 2009 No comments yet
Today, August 11, the Census Bureau released the July Wholesales Trade Report for June. It shows that for the first time since June 2008, sales have increased over the prior month. While not up to the levels of 2008, it is a positive sign. At the same time, inventories have continued to decline at an increasing rate. This puts the sales-to-inventory ratio at close to the level of mid 2008 and below slightly lower than 2006-07. If sales activity continues to rise, we should expect a rapid wholesale inventory correct to keep pace and maintain retail inventories.
