FXstreet.com (Barcelona) - Business inventories have risen less than expected in October, as companies could have cut on stockpiling for the next months of 2007 fearing a decrease on demand.
Inventories have increased by 0.1% in October to a seasonally adjusted $1.431 trillion following a 0.4% increase in September. October's increase has been lower than expected, as market analysts expected a 0.3% rise.
Business sales have increased 0.75 to $1.135 trillion, the same increase as in the previous month, as September sales have been revised to a 0.7% increase from the initial 0.6% estimation. The inventory to sales ratio decreased to 1.26 months from 1.27 months in September.