Inventories leaner in July
September 13, 2013
The ratio of inventories to sales throughout the U.S. economy in July was 1.28 — down from 1.29 in June and the lowest ratio since May 2012. It’s good news for trucking companies heading into the fall freight season. Leaner inventories relative to sales suggests that any increase in sales will lead to more freight shipments.
Inventories and sales both rose in July, but sales rose 0.6% while inventories were up just 0.4%.
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