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We were told the (possibly apocryphal) story of the driver of a long goods train who, navigating the spiral one night, brought proceedings to a sudden halt.
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.
The inventory-to-sales ratio for wholesalers, a measure of how long goods remain unsold, held at 1.23 months, where it has been since April.
The inventory-to-sales ratio, a measure of how long goods go unsold, rose to 1.44 months, the highest since January 1999.
With shipments falling, the inventory-to-shipments ratio, a gauge of how long goods remain in warehouses, rose to 1.34 months from 1.32 months.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com