Trade inventories up 0.6 percent in August

Oct. 15, 2012 at 12:39 PM

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.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Shoot-from-the-hip, around corner sighting capability unveiled
Airbus Helicopters announces factory acceptance of training aircraft
Bleak outlook for oil has Russian investors pulling back
ESPN cuts ties with Cowherd over remarks about Dominican players
Britain extends Lockheed Martin military inventory contract