Today’s Census Bureau sales and inventory report for May reveals more good news:
http://www.census.gov/mtis/www/mtis_current.html
(Click on image to enlarge.)
This blog has been upbeat about these data because the inventory/sales ratio has fallen throughout the year. Businesses are liquidating their inventories faster than their sales have fallen. Eventually inventories will have declined sufficiently that businesses can begin to restock their shelves. At that point production should revive.
© 2009 Michael B. Lehmann
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