- Prior 0.5%
- Business sales 0.3% unch on May
- Inventory to sales ratio 1.29 unch
A drop in sales confirms the picture we see on the retail side but a pick up in manufacturing sales is better news. Sales were up to 0.5% vs -0.1% in May.
US business inventories sales details 13 08 2014
No real reaction to the data in the dollar which sits at 102.35 in USD/JPY
We’ll have to watch for inventory build ups in the retail sector if sales continue to be weak.
US business inventories 13 08 2014
