facebook
twitter
rss
account
search
search
 

Business inventories rose in July

Sept. 14, 2012 at 12:11 PM   |   Comments

WASHINGTON, Sept. 14 (UPI) -- U.S. manufacturing and trade inventories rose by 0.8 percent in July to a seasonally adjusted $1.59 trillion, the U.S. Census Bureau said Friday.

The report that adds to Wednesday's wholesale trade report showed manufacturing and trade sales for the month up 0.9 percent on a seasonally adjusted basis to $1.24 trillion.

From July 2011, inventories rose by 5.4 percent while sales rose 2.8 percent from a year earlier.

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 1.28. A year earlier, the ratio was 1.25.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
2
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
3
Pizza Hut hoping the "Skinny Slice" will mean big bucks
4
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
5
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
Trending News
Video
x
Feedback