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How can Americans, with their love for foreign goods, remain indifferent to the dollar's drop?
But the real goods remain tucked into the Benjamin S. Rosenthal Library at Queens College.
Experts say prices of consumer goods remain high because of a high volume of imports and politically-powerful cartels that control their distribution.
The drop left the inventory-to-sales ratio, a gauge of how long goods remain in warehouses, at 1.26 months' worth, the lowest since May 1997.
The inventory-to-sales ratio, a measure of how long goods remain unsold, rose to 1.36 months -- in April it was at a record low of 1.35 months.
That pushed the inventory-to-sales ratio, a measure of the time goods remain unsold, up to 1.32 months in May, the highest level since April 1999.
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But the company's chairman, Johann Rupert said the near-term outlook for luxury goods remained grim.
Growth of retail sales of consumer goods remained strong during the year, with December's sales 14.5% higher than a year earlier.
But it nevertheless showed that overseas demand for Asian-made goods remained well below where it was a year ago.
Analysts said that figure showed that Chinese goods remained intensely competitive, despite China's decision in June to allow the renminbi to strengthen slowly.
(2) They were not to undertake manufacturing; transformation of raw materials into finished goods remained a monopoly right of the mother country.
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