Aug. Business Inventories: -1.5% vs. -1.1% last month and consensus -1.2% - the biggest drop...

|By:, SA News Editor
Aug. Business Inventories: -1.5% vs. -1.1% last month and consensus -1.2% - the biggest drop since Dec. 2008. Car inventories -7.9%, biggest drop since 2001. Sales +1% vs. July. Inventory/sales ratio 1.33 months' worth, down from 1.36 in July.