Cleaning & Restoration Breaking News

Business Inventories Rise in October

December 13, 2002
/ Print / Reprints /
ShareMore
/ Text Size+
WASHINGTON (Reuters) - Stocks at U.S. businesses climbed to their highest level in a year in October, boosted by inventories on retailers' shelves, while sales climbed at their fastest pace since July, the government said on Friday.

"Retailers were building up stocks ahead of the holiday shopping period but only very modestly," said Mark Vitner, Wachovia Bank in Charlotte, N.C.

Inventories at retailers, manufacturers and wholesalers grew 0.2 percent in October to $1.134 trillion, the Commerce Department said.

That followed a rise of 0.6 percent in inventories during September and was more than expected by analysts, who forecast an increase of 0.1 percent.

Stocks at retailers were up a fairly modest 0.7 percent in October.

"If anything it looks like they didn't build up inventories enough as some of the more popular items have already sold out," said Vitner.

Inventories at merchant wholesalers fell 0.3 percent while manufacturers' stockpiles were unchanged.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.

1/27/15 2:00 pm EST

Grow Your Business and Improve Operations with New Payment Technology

Attend this free webinar to learn how new developments in payment technology can help you close more jobs, increase upselling opportunities and improve operations.

Podcasts

While winter is considered the "slow season" for carpet cleaners, it can also be a season of great opportunity. In this episode of The Hitman Advertising Show, John Braun offers advice for keeping revenue consistent during the cold weather months so you're thriving - and not just surviving - the winter.
More Podcasts

ICS Cleaning Specialist Magazine

CoverImage

2014 Nov/Dec

The Nov/Dec ICS features content on how to get better meter readings, a roundtable on truckmount development, neighborhood marketing and more. Also included is the annual Buyer’s Guide and Directory.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive

THE ICS STORE

FinalCover.gif
The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.png

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view