facebook
twitter
rss
account
search
search
 

U.S. business inventories up marginally

July 15, 2013 at 1:11 PM   |   Comments

WASHINGTON, July 15 (UPI) -- U.S. business inventories rose marginally in May, while sales climbed 1.1 percent, the Commerce Department reported Monday.

Manufacturing and trade inventories rose 0.1 percent to an end of the month total of $1.656 trillion, while sales rose to a seasonally adjusted rate of $1.283 trillion.

Inventories rose 3.8 percent from May 2012, 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 May was 1.29, up from the ratio of 1.28 in May 2012.

© 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.
Most Popular
1
Destroyers with ballistic missile defense capability heading to Japan Destroyers with ballistic missile defense capability heading to Japan
2
Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal
3
Little girls drop F-bombs for feminism in new FCKH8 video Little girls drop F-bombs for feminism in new FCKH8 video
4
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
5
Warren Buffett loses $2 billion in 2 days on investments Warren Buffett loses $2 billion in 2 days on investments
Trending News
Around the Web
x
Feedback