US Economic Indicators: Inventories-to-Sales Ratios

Similar documents
US Economic Indicators: Producer Prices

US Demography: Population, Labor Force, & Households

Global Economic Briefing: World GDP IMF Charts

US Flow of Funds: Nonfinancial Corporate Finance (levels)

Stock Market Indicators: S&P 500 Presidential Cycles

Market Briefing: Trade-Weighted Dollar

Global Economic Briefing: GDP Country Charts

Chart Collection for Morning Briefing

in relation to the credit worthiness, business or financial situation of any person; or in respect of any content, service, product, material or

Terms of Use When you Access FoodSwitch you agree to these Terms of Use ("Terms"). General Terms and Conditions of Use

GENERAL USE PROVISIONS

GGGI WEBSITE. Access and Use

TERM OF USE AGREEMENT BETWEEN USER AND COUNTY OF BEDFORD

The Corn City State Bank Web Site is comprised of various Web pages operated by Corn City State Bank.

AGREEMENT BETWEEN USER AND Fuller Avenue Church. The Fuller Avenue Church Web Site is comprised of various Web pages operated by Fuller Avenue Church.

The Acerus Pharmaceuticals Corporation Web Site is comprised of various Web pages operated by Acerus Pharmaceuticals Corporation.

Terms of Use Call Today:

Terms and Conditions of Use Your use of this website and its content constitutes your agreement to be bound by these terms and conditions of use.

Legal USE OF SITE SITE CONTENTS AND OWNERSHIP

1. THE SYSTEM AND INFORMATION ACCESS

Terms and Conditions. is a Blog Site.

Mobil Serv Lubricant Analysis Sample Scan Application: Terms of Use Agreement

Application Terms of Use

USE OF ANY CWGS ENTERPRISES, LLC WEB SITE OR MOBILE APP SIGNIFIES YOUR AGREEMENT TO THESE TERMS OF USE.

USTOCKTRAIN TRADING SIMULATOR TERMS AND CONDITIONS

Princes International Events Pty Ltd Terms & Conditions

UOB BUSINESS APPLICATION TERMS AND CONDITIONS

LEGAL NOTICE. Company Name: PIKOLINOS USA, CORP. Company Registration Number: P U.S. Employer Identification Number (EIN):

WEBSITE TERMS OF USE AGREEMENT

Terms and Conditions of Apollo Display Technologies, Corp.

TERMS OF USE AGREEMENT

ICONS Terms of Use. Effective Date: March 1st, 2016

AT&T. End User License Agreement For. AT&T WorkBench Application

Terms of Use. Last modified: January Acceptance of these Terms of Use

TERMS AND CONDITIONS OF PURCHASE

General Terms of Use and Privacy Policy for the EBU/Eurovision websites

TERMS OF SERVICE Effective Date: March 30 th, 2017

EOH 000 ICT TAC 01 Website Terms and Conditions of Use

Terms of Use Terminated-Vested Cashout Website

AUGUR SITE TERMS OF USE

AeroScout App End User License Agreement

EMPLOYMENT CONTRACT. This Employment Contract (this "Contract") is made effective as of July 10, 2015, by and between Company of,,, and of,,,.

End User License Agreement for METRONET GO ("Agreement")

PLEASE READ THE FOLLOWING AGREEMENT CAREFULLY BEFORE USING THIS SITE

RateForce, LLC Terms of Use Agreement

Terms and Conditions I. CONTENT. Proprietary Rights

END USER LICENSE AGREEMENT. KnowledgePanel - PC

Sensor Concepts Incorporated TERMS OF SERVICE

Supplier Portal Terms of Use

TERMS OF USE. We may provide, through the Site, Services that include without limitation the:

End User License Agreement for the Accenture HCM Software App

Social Samurai Terms of Use

GEOPIPE TERMS OF SERVICE GEOPIPE LICENSE AGREEMENT(S)

TERMS OF USE Intellectual Property Copyright Policy

IF YOU DO NOT AGREE TO THE TERMS OF USE, YOU MAY NOT ACCESS OR USE THE SITE.

TERMS OF USE COPYRIGHT, TRADEMARK AND OTHER INTELLECTUAL PROPERTY RIGHTS

GEORGIAN BAY SPIRIT CO. TERMS OF USE

Your Account PATIENT PORTAL

TERMS AND CONDITIONS OF SERVICE

Website Standard Terms and Conditions of Use

Terms and Conditions for Pennsylvania Conference of State Trial Judges (PCSTJ.org) Trademarks, Logos, Service Marks Copyright

SELECT COUNSEL, INC. TERMS OF USE Effective as of October 25, 2016

Terms of Service and Use Agreement

Skyrocket LLC Terms of Use for

RIPAEX SITE TERMS OF SERVICE

Terms of Service. Last Updated: April 11, 2018

LEGAL TERMS OF USE. Ownership of Terms of Use

The Business Network: Terms of Use

1) you must retain, on all copies of the Material downloaded, all copyright and other proprietary notices contained in the Material;

Mall of America App. End User License Agreement

Website Terms and Conditions Last Updated September 24, 2016

The use of the Service for the following activities is prohibited:

Terms and Conditions for FtWashingtonVet.com Trademarks, Logos, Service Marks Copyright Accuracy of Information

LICENSE TO USE THIS SITE

CENTURYLINK ZONE USER AGREEMENT TERMS OF SERVICE

Terms of Use. Ownership and copyright

TERMS AND CONDITIONS OF USE

Terms of Use MOBILE APPS/WEBSITE TERMS OF USE

This Web Site is owned by: Olley Court, LLC Mailing Address: 418 Main Street, Ridgefield, CT Phone: Web:

data acquired and compiled by WMLS ( Data ). As used herein, the term Data includes any

PRIVACY STATEMENT - TERMS & CONDITIONS. For users of Princh printing, copying and scanning services PRIVACY STATEMENT

AGREEMENT FOR KIB KENANGA AGENCY NETWORK SERVICE

WEBSITE TERMS OF USE VERSION 1.0 LAST REVISED ON: JULY [25], 2014

WEBSITE USER AGREEMENT

EMC Proven Professional Program

End-User License Agreement ("Agreement")

Website Terms of Use

Terms of Use. 1. Limited Use

JW PLASTIC SURGERY. Terms of Service

Terms and Conditions Database License Agreement ( Agreement )

1.1.1 True, accurate, current and complete information about Yourself or Your company or institution.

TERMS OF USE. Must Be 18 Years or Older. 1. General. 1.1 Definitions

NON-DISCLOSURE AGREEMENT BETWEEN. EDOTCO MALAYSIA SDN BHD (formerly known as Celcom Services Sdn Bhd) (Company No H) AND

Terms of Service Last Updated: 6/19/2018

PLEASE READ THE TERMS OF USE, PRIVACY POLICY, AND PRIVACY PRACTICES FOUND ON THIS WEBSITE.

THIS CONTEST IS OPEN ONLY TO RESIDENTS OF CANADA EXCLUDING QUEBEC AND IS GOVERNED BY CANADIAN LAW

Terms & Conditions. Magnum Expression Award Terms and Conditions. 1. Use of this website (the Site )

END USER LICENSE AGREEMENT AND TERMS OF USE

OPEN ACCESS AGREEMENT (CC-BY-NC-ND)

This Agreement was last updated on June 14th, It is effective between You and Axosoft as of the date of You accepting this Agreement.

Transcription:

US Economic Indicators: Inventories-to-Sales Ratios November 2, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 480-664-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box

Figure 1. REAL BUSINESS INVENTORIES-TO-SALES RATIO Real I/S Ratio (2) Source: Bureau of Economic Analysis. Figure 2. REAL INVENTORIES-TO-SALES RATIOS Manufacturers (6) Wholesalers (5) Retailers (5) 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 Page 1 / November 2, 2018 / US Economic Indicators: Inventories-to-Sales Ratios www.

Figure 3. BUSINESS INVENTORIES-TO-SALES RATIO Nominal () Real () 2.2 Figure 4. MANUFACTURERS INVENTORIES-TO-SALES RATIO 2.2 Nominal () Real () Sep Page 2 / November 2, 2018 / US Economic Indicators: Inventories-to-Sales Ratios www.

Figure 5. WHOLESALERS INVENTORIES-TO-SALES RATIO Nominal () Real () Figure 6. RETAILERS INVENTORIES-TO-SALES RATIO Nominal () Real () Page 3 / November 2, 2018 / US Economic Indicators: Inventories-to-Sales Ratios www.

3.0 Figure 7. TOTAL RETAIL MOTOR VEHICLES & PARTS DEALERS INVENTORIES-TO-SALES RATIO 3.0 2.5 Nominal (2.3) Real (2.3) 2.5 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 Figure 8. TOTAL RETAIL EX MOTOR VEHICLES & PARTS DEALERS INVENTORIES-TO-SALES RATIO Nominal () Real () 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 Page 4 / November 2, 2018 / US Economic Indicators: Inventories-to-Sales Ratios www.

Copyright (c) 2018. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on www., blog., http://blog. and YRI s Apps for ipads and iphones are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company s stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed on any product, service, report, email or website are proprietary to and constitute valuable intellectual property. No material from any part of www., blog., http://blog. and YRI s Apps for ipads and iphones may be downloaded, transmitted, broadcast, transferred, assigned, reproduced or in any other way used or otherwise disseminated in any form to any person or entity, without the explicit written consent of All unauthorized reproduction or other use of material from Yardeni Research, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Yardeni Research, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights. The recipient should check any email and any attachments for the presence of viruses. accepts no liability for any damage caused by any virus transmitted by this company s emails, website, blog and Apps. Additional information available on request. requests@

Page 5 / November 2, 2018 / US Economic Indicators: Inventories-to-Sales Ratios www.