Thursday, July 2, 2009
quotes from FT Three numbers stand out --inventories fell yet again by 2% to 31%, 27 year low. Companies are still cutting back inventories --orders are still falling, ramaining below the magical 50% level. tht leaves the surprise of order in May looking more like a blip than a turning point. --Manufacturers of oil, mineral, wood, paper, and plastic products, are mostly reporting growth. Companies that makret things consumers and corporations, including furniture, eletronics, and machinery etc, want are estill gloomy.