facebook
twitter
search
search

Business inventories and sales rose in July

Sept. 13, 2013 at 11:31 AM

WASHINGTON, Sept. 13 (UPI) -- Business inventories and sales rose modestly in July, the U.S. Census Bureau said Friday.

Inventories were up 0.4 percent to $1.66 trillion. Sales rose 0.6 to $1.29 trillion.

The monthly figures adding up manufacturing and trade inventories were in line with the consensus forecast.

Inventories are up 3.2 percent from July 2012, while sales have risen 4.6 percent from July 2012.

The total business-inventories-to-sales ratio was 1.28, based on seasonally adjusted data, the Census Bureau said. A year ago, the ratio was 1.3.

The ratio indicates how long it will take to sell existing inventory at current prices. As the ratio rises, it indicates manufacturers may have too much inventory on hand and may adjust by slowing production.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Finland orders anti-tank weapon from Saab
Orbital ATK's artillery guidance kit passes milestone test
Fourth MUOS arrives in Florida for August launch
Oil prices drop on Greek, Iran concerns
North Dakota rig data suggests stability