Economic Statistics for 9 Oct 12
Here are today’s statistics on the state of the economy:
Wholesale inventories rose sharply, up 1.1% in September, but is offset by a 2.0% rise in sales, leaving a leaner 1.19 stock-to-sales ratio.
Export prices were unchanged in October, and are down –0.5% on a year-over-year basis. Import prices rose 0.5%, but only 0.4% year-over-year.
Consumer sentiment is strengthening, up 2.3 points to another recovery best of 84.9.