Inventories a bit less lean in March
May 13, 2013
The ratio of inventories to sales throughout the U.S. economy ticked up slightly to 1.29 on a seasonally adjusted basis in March from 1.28 in February as inventories remained virtually unchanged but sales fell 1.1%, according to preliminary U.S. Census Bureau data. The ratio was markedly lower in March 2012: 1.26.
The inventories-to-sales ratio can be a significant near-term indicator of freight shipments if there are significant shifts higher or lower. A higher ratio suggests that the supply chain has ample inventories to satisfy demand and, therefore, that shipments may slow. A lower ratio means the opposite and generally is good news for trucking companies.
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