Business News

Trade inventories up 0.7 percent

Published: Nov. 14, 2012 at 12:47 PM

WASHINGTON, Nov. 14 (UPI) -- U.S. manufacturing and trade inventories rose by 0.7 percent in September to a seasonally adjusted $1.612 trillion, the U.S. Census Bureau said Wednesday.

The report showed manufacturing and trade sales rose 1.4 percent on a seasonally adjusted basis to $1.26 trillion.

From July 2011, inventories rose by 6.2 percent while sales rose 4.4 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, slightly higher than a year earlier, when the ratio was 1.25.

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