Wholesale inventories and sales rise

Oct. 25, 2013 at 10:59 AM

WASHINGTON, Oct. 25 (UPI) -- U.S. wholesale inventories rose 0.5 percent in August on a seasonally adjusted basis to an even $503 billion, the U.S. Census Bureau said.

Inventories were up 2.5 percent from August 2012 levels, the bureau said Friday.

Wholesale sales also rose, climbing 0.6 percent from July to $428.4 billion, which is 5.6 percent higher than August 2012, the U.S. Commerce Department agency said.

Sales of durable goods were up 0.9 percent month to month and up 5.4 percent from July 2012. Sales of non-durable goods rose 0.3 percent from July to August and rose 5.7 percent from 12 months earlier.

The June inventories-to-sales ratio for wholesalers, seasonally adjusted, was 1.17, unchanged from July, the bureau said. The August 2012 ratio was 1.21.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Reddit CEO Ellen Pao apologizes for firing scandal
Report: Brazil's Petrobras wading dark waters
Oil markets hammered by Greece, Iran and China
Baker Hughes wins Johan Sverdrup contract
Iran envisions post-sanctions oil era