Trade inventories up, sales down

March 13, 2013 at 11:02 AM

WASHINGTON, March 13 (UPI) -- U.S. business inventories rose in January, while sales dropped slightly, the Commerce Department reported Wednesday.

Manufacturing and trade inventories rose 1 percent to an end of the month total of $1.642 trillion, while sales slipped 0.3 percent to a seasonally adjusted $1.268 trillion.

Inventories rose 5.6 percent from January 2012, while sales rose 2.9 percent over the past 12 months.

The total business inventories/sales ratio based on seasonally adjusted data at the end of January was 1.29, up from the ratio of 1.26 in January 2012.

Follow us on Facebook, Twitter, and Instagram for more news from UPI.com
Related UPI Stories
share with facebook
share with twitter
Trending Stories