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S&P Credit Research656 word report
published Nov 06, 2009
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S&P Credit Research
| Abstract: | U.S. wholesale inventories fell 0.9% in September--about in line with the 1.0% drop expected by the markets and after a 1.3% decline the month before. Wholesale sales were up 0.7%, after rising 1.1% in August. Petroleum sales were up 1.0% in September, after a largely price-related 7.0% jump the month before. Sales, excluding petroleum, rose 0.6% in September, after rising 0.4% in the previous month. Petroleum inventories were up 0.3%, after rising 3.6% in August. Excluding petroleum, inventories fell 0.9%. The inventory-to-sales ratio fell to 1.18 from 1.20 the month before; this was well below the 1.34 high reportedly seen in January. The headline data came in about as expected, and will likely be trumped by the unemployment rate number
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
