facebook
twitter
search
search

Wholesale inventories up slightly

March 9, 2012 at 12:38 PM

WASHINGTON, March 9 (UPI) -- U.S. wholesale inventories rose 0.4 percent in December, reaching $475.5 billion, the Commerce Department said Friday.

Inventories were up 9.4 percent from January 2011, the department said, while the December estimate was revised upward by 0.1 percent or $500 million.

Wholesale sales for January were down 0.1 percent from December to $413.1 billion, a jump of 7.9 percent from January 2011.

The inventory-to-sales ratio -- reflecting how many months it would take a company to deplete its inventory at the current sales pace -- came in at 1.15, slightly higher than the ratio a year earlier, which stood at 1.14.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting