Wholesaler Inventory ... Stock-to-Sales Ratio
The Commerce Dept. said that wholesalers' February stock-to-sales ratio was the lowest in almost five years, as reported by Reuters. Stocks of unsold goods at wholesalers fell 0.7%, the ninth straight month of decline and the biggest drop since November. The stock-to-sales ratio, which measures how long it would take to deplete inventories at the current sales pace, dropped to 1.26 months, the lowest level since the same number in May 1997, Reuters said.