FecomercioSP: Inventory adequacy index up 4% in January

The Inventory Adequacy Index (IE) of the São Paulo trade in January increased 4% compared to December, from 113.2 to 117.7 points, informed the Federation of Trade in Goods, Services and Tourism of the State of São Paulo (FecomercioSP). ). In December, the IE had risen 1.1% compared to November.

The rise was driven by an increase in the proportion of businessmen who consider their stock situation adequate, from 56.2% in December to 58% in January.

On the other hand, there was a decline among those who consider they have more inventories than necessary (29.3% to 26.8%) and, marginally, those who consider their inventories below the level (13.8% to 13.7% ).

In comparison with January 2021, IE advanced 17.2%.

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The rise in IE in January was leveraged by the 10.3% increase in the large companies index. In this size, the proportion of entrepreneurs who consider their stock situation adequate increased from 62.9% to 69.4%. The ratio between those who assess having inadequate stocks dropped from 37.1% to 30.6%. At the opening, the perception of above-needed inventories dropped from 21.0% to 12.9%, while the assessment of below-than-adequate inventories went from 16.1% to 17.7%.

Among small companies, the IE grew 3.8% between January and December, at the margin, influenced by the increase in the perception of adequate inventories (56.1% to 57.7%). The ratio of entrepreneurs who consider having inadequate stocks dropped from 43.2% to 40.8%, driven by the contraction in the perception of stocks above adequate (29.5% to 27.2%), with a slight decrease among those who evaluate having inventories below the necessary (13.7% to 13.6%).

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The EI of durable goods companies rose 7.7% at the margin, with an increase from 53.6% to 57.3% in the proportion of entrepreneurs who consider they have adequate inventories. The ratio of entrepreneurs who consider their inventories inadequate decreased from 46.0% to 41.6%, with a drop both in those who believe they have inventories above (33.1% to 29.1%) and below (13.0% to 12 .6%) of adequate.

Among non-durable goods companies, IE increased by 1.6%. The ratio of businessmen in the sector who see the situation as adequate showed a slight increase (66.0% to 66.9%), while those who consider having inadequate stocks decreased from 33.7% to 32.5%. The movement was driven by the reduction of inventories above the appropriate level (24.3% to 22.5%), with a brief growth among those who consider their inventories to be less than ideal (9.5% to 10.1%).

The EI of companies of semi-durable goods also registered expansion (1.6%). The proportion of entrepreneurs who believe they have adequate stocks remained stable (49.6%), as well as those who believe they have stocks below adequate (21.1%). There was, however, a reduction in the perception of inventories at an inadequate level (48.9% to 47.4%), with the influence of the fall among those who see inventories above adequate (27.8% to 26.3%).