U.S. business inventories plunge record 1.5 percent

Filed under: Economy U.S. businesses continue to reduce excess inventory as they cut costs and re-align their operations with consumer demand: business inventories plunged a record 1.5 percent in August, the U.S. Commerce Department announced Wednesday, led by a decline in retail and auto inventories. The 1.5 percent August inventory decline ties a 17-year record dip. Business inventories also declined 1.5 percent in December 2008 and in October 2001 . Continue reading U.S. business inventories plunge record 1.5 percent U.S. business inventories plunge record 1.5 percent originally appeared on DailyFinance on Wed, 14 Oct 2009 11:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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U.S. business inventories plunge record 1.5 percent

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