Reply #27: This and the toys-r-us news are wreaking havoc [View All]

[jamesinca]

Will taking credit for the economy be bad for Bush? Is this a bad omen for the upcoming quarterly reports? Will the tariffs and this news along with that of toys-r-us kill the recovery that some are expecting for the spring? Just how large will the average have to be on the tax refunds actually be to get the economy going? So many questions and only time will tell.

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http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20031117/bs_nm/economy_inventories_dc

WASHINGTON (Reuters) - U.S. business inventories unexpectedly rose 0.3 percent in September as unsold stocks of autos accumulated at the fastest clip since February, a government report showed on Monday.

Analysts polled by Reuters had been expecting inventories to remain unchanged.

Motor vehicle and parts inventories rose 1.5 percent, the sharpest increase since a 2.1 percent rise in February, the Commerce Department said. Retail inventories excluding cars rose 0.8 percent, the steepest climb since May 2000.

It was the biggest rise in overall inventories since a matching 0.3 percent gain in March.