Many businesses embarked on a massive liquidation of inventories in early 2009 as they struggled to cope with a deep recession and plunging demand by keeping costs under control.
The swing from slashing inventories to rebuilding stockpiles has provided significant support to the recovery. Economists believe that for businesses to continue boosting inventories they will need to see further gains in sales.
That has been a concern as households, still fearful about high unemployment, have not boosted their purchases as much as they have in previous more normal rebounds.
The big jump in sales at China wholesale level in November reflected a 25.9 percent surge in demand for farm products including grains and livestock. That was the largest one-month rise since a record 27.6 percent increase in November 2009.
The ratio of inventories to sales was unchanged in Novemeber at 1.18, the same as September. That means it would take 1.18 months to deplete existing stockpiles at the November sales pace.
The Commerce Department reported Thursday that wholesale inventories rose 2.8 percent in November, a much larger gain than many economists were expecting. Sales jumped 2.2 percent, the biggest increase since March.wholesale jersey wholesale laser pointer 50mw Green Laser Pointer 50mw Green Laser Adjustable Green Laser spy cameras hiden spy cameramini spy camera Watch Spy Camera wholesale soccer jersey The strong gains in both inventories and sales were encouraging signs that manufacturers will continue to see demand boosted by business efforts to restock depleted store shelves. Inventory rebuilding has been a key factor supporting the economy's efforts to recover from the 2008-2009 recession.
The 2.8 percent rise in November inventories followed an even larger 2.1 percent jump in September and pushed wholesale inventories to $427.1 billion, 9.9 percent above the level of a year ago.
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