Wholesale inventories rose modestly in December

Feb. 11, 2014 at 11:45 AM

WASHINGTON, Feb. 11 (UPI) -- U.S. wholesale inventories rose 0.3 percent in December on a seasonally adjusted basis, rising less than economists expected, the Census Bureau said Tuesday.

Inventories rose to $517.9 billion, the bureau said.

Economists, however, had expected a gain of 0.5 percent.

For 2013, the bureau said inventories were up 3.9 percent.

Inventories were up 4 percent from December 2012, the bureau said.

Wholesale sales also gained, climbing 0.5 percent from November to $442.4 billion, 5.8 percent higher than December 2012, the U.S. Commerce Department said.

Sales of durable goods rose 0.3 percent from November and rose 5.6 percent from December 2012.

Sales of non-durable goods were up 0.6 percent from the previous month and 6 percent from 12 months earlier.

Inventories of durable goods were up 1.3 percent from the previous month and 5.7 percent from December 2012.

Inventories of non-durable goods declined 1.3 percent from November, but rose 1.3 percent from December 2012.

The inventories-to-sales ratio for wholesalers in December, seasonally adjusted, was 1.17, a drop from December 2012 when the ratio stood at 1.19.

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