Business inventories rose in October

Dec. 13, 2012 at 12:55 PM

WASHINGTON, Dec. 13 (UPI) -- U.S. business inventories rose slightly in October, while sales fell, the Commerce Department reported Thursday.

Inventories rose 0.4 percent to $1.619 trillion, while sales dropped 0.4 percent to a seasonally adjusted $1.257 trillion.

Inventories rose 5.7 from October 2011, while sales rose 3.1 percent over the past 12 months.

The total business inventories/sales ratio based on seasonally adjusted data at the end of October was 1.29, up from the ratio of 1.26 in October 2011.

Related UPI Stories
Latest Headlines
Trending Stories
Nobel Prize in Chemistry awarded to DNA cell repair pioneers
U.S. oil production to decline
U.S. asks how Islamic State militants got so many Toyotas
At least 17 dead in Carolinas, more flooding expected
NASA releases thousands of Apollo mission photos on Flickr