THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Wednesday, August 9, 1995 TAG: 9508090479
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
TYPE: Daily Digest
LENGTH: Short : 22 lines
Unsold goods continued to pile up at wholesalers' warehouses during June, suggesting manufacturers have further to go in cutting back on production. Wholesalers reported the biggest buildups were in big-ticket goods like automobiles and furniture, where demand has been sluggish. During June inventories accumulated by a faster-than-expected 0.5 percent for the 12th consecutive monthly increase, the Commerce Department said. The report showed the wholesale sales-to-stock ratio, which measures the length of time goods sit at wholesalers, held steady at 1.33 months in June. (Bloomberg) by CNB