Business inventories up slightly

Feb. 13, 2013 at 11:54 AM   |   0 comments

WASHINGTON, Feb. 13 (UPI) -- U.S. business inventories rose slightly in December, while sales also rose, the Commerce Department reported Wednesday.

Manufacturing and trade inventories rose 0.1 percent to an end of the month total of $1.623 trillion, while sales rose 0.3 percent to a seasonally adjusted $1.274 trillion.

Inventories rose 5.1 from December 2011, while sales rose 3.6 percent over the past 12 months.

The total business inventories/sales ratio based on seasonally adjusted data at the end of December was 1.27, up from the ratio of 1.26 in December 2011.

© 2013 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.
Trending News
Join the conversation
x
Feedback