U.S. business inventories flat in September, reflect weakening trend

WASHINGTON - Business inventories in the U.S. were flat in September following a decline in August, the Commerce Department said Friday. Sales fell 0.2% in the month. The ratio of inventories to sales, meanwhile, was unchanged at 1.40. That's how many months it would take to sell all the inventory on hand. One year ago, the inventory-to-sales ratio was lower at 1.36. Flat or declining inventories are neutral or subtract from gross domestic product and usually are a sign of a weaker economy.

#div-gpt-ad-1569967089584-0 > div > iframe { width: 100% !important; min-width: 300px; max-width: 800px; }

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks set for flat open as US-China talks hit stalemateEuropean stocks were seen making a cautious open Thursday as trade negotiations between the U.S. and China are understood to have hit a roadblock. A possible 10% jump in S &P500 if US iron out the trade issues with China properly. And come out tops...
Source: CNBC - 🏆 12. / 72 Read more »

SmileDirectClub plummeted 20% and is now at an all-time low following weak 3rd-quarter earningsIt's the largest-ever drop for the company since its September IPO, which was the worst public debut in 12 years for a US company.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Studio71 CEO Reza Izad on YouTube influencer trends, TikTok, products - Business InsiderStudio71 CEO on the rise of TikTok, how selling products can beat advertising for YouTubers, and what it takes to become a multi-platform star
Source: BusinessInsider - 🏆 729. / 51 Read more »