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The Manufacturing and Trade Inventories and Sales report from the Census Bureau today showed inventories are still declining. The Census Bureau reported: Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,303.4 billion, down 0.4 percent (±0.1%) from August 2009 and down 13.4 percent (±0.3%) from September 2008. The total business inventories/sales ratio based on seasonally adjusted data at the end of September was 1.32.
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