Trade inventories up 0.7 percent

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.

Related UPI Stories
Latest Headlines
Trending Stories
Philadelphia Community College on lockdown, reports of gunman
Boehner delays House vote for new speaker
NASA releases thousands of Apollo mission photos on Flickr
Snowden: U.S. won't respond to offers to serve prison time
FDA approves new treatment for advanced lung cancer