- US Shoppers Spent Less Over Black Friday: NRF
- UAE Central Bank Stands by Banks Amid Dubai Crisis
- UAE Markets Seen Limit Down on Monday Open
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- A Weak IPO Debut for Las Vegas Sands' Macau Unit
- US Treasury Wants Banks to Do More to Ease Mortgages
- Tiger Woods Accepts Full Blame for Car Crash
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
MOST SHARED
- US Shoppers Spent Less Over Black Friday: NRF
- South Korea Sees Exports Bouncing, but Risks Remain
- Japan Won't Intervene to Weaken Yen: Finance Minister
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Japan Industrial Output Edges Up But Yen May Weigh
- Tiger Woods Wants to Protect Family Privacy: Agent
- Topless Business Is Taking Off
Text Size 
U.S. business inventories rose 0.6 percent in February, in line with Wall Street expectations, while sales dropped the most in more than a year, a government report showed on Monday.
 |
Bill Haber / AP |
Commerce also revised January business inventories to show a 0.9 percent rise, compared to a 0.8 percent gain previously reported.
February business sales fell 1.1 percent to $1.14 trillion, the biggest decline since January 2007, when sales also fell 1.1 percent.
The stock-to-sales ratio, which measures how long it would take to empty inventories at the current pace, rose to 1.28 months' worth, the highest since August 2007, when it was also 1.28.
The department also reported retail inventories rose 0.2 percent in February to $502.6 billion, following a 0.3 percent gain in January.
February retail sales fell 0.4 percent to $314.7 billion, led by declines in sales of autos and auto parts and clothing.
Print
Email
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes