Wednesday, July 14, 2010

Inventory Adjustment is Over?

Inventory CorrectionClick on graph for larger image in new window.

This graph shows the inventory to sales ratio. This increased slightly in May to 1.24 (SA), after declining sharply from the peak of 1.48 back in Jan 2009. This could decline further - the trend is definitely down over time - but clearly the inventory adjustment is over.

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