U.S. wholesale inventories rose in November

WASHINGTON, Jan. 10 (UPI) -- U.S. wholesale inventories rose 0.5 percent in November on a seasonally adjusted basis to $516.4 billion, the Census Bureau said Friday.

Inventories were up 3.3 percent from November 2012, the bureau said.

Wholesale sales also gained, climbing 1 percent from October to $440.1 billion, 5.5 percent higher than November 2012, the U.S. Commerce Department agency said.

Sales of durable goods dropped 0.4 percent from October and rose 4 percent from November 2012.

Sales of non-durable goods were up 2.1 percent from October and 6.8 percent from 12 months earlier.

The November inventories-to-sales ratio for wholesalers, seasonally adjusted, was 1.17, a drop from November 2012 when the ratio stood at 1.2.