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Trade inventories up 0.6 percent in August

Oct. 15, 2012 at 12:39 PM   |   Comments

WASHINGTON, Oct. 15 (UPI) -- U.S. manufacturing and trade inventories rose by 0.6 percent in August to a seasonally adjusted $1.6 trillion, the U.S. Census Bureau said Monday.

The report showed manufacturing and trade sales rose 0.5 percent on a seasonally adjusted basis to $1.24 trillion.

From July 2011, inventories rose by 5.3 percent while sales rose 3.1 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 1.26.

© 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.
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