US business inventories up 0.4% in November

Economy 1/12/2018, 4:02 PM
US business inventories up 0.4% in November

Inventories in the manufacturing and trade sectors in the United States were estimated at $1,895.4 billion in November, according to a report by the US Census Bureau on Friday. The figure represents a 0.4% increase compared to the previous month and a 3.2% increase from November 2016.

The combined value of distributive trade sales and manufacturers’ shipments for November was evaluated at $1,420.1 billion, a 1.2% rise from October and a 7.9% jump year on year based on seasonally adjusted data.

The total business inventories/sales ratio at the end of November was 1.33, lower than in the same period the previous year, when it was at 1.40.

Breaking the News / DJ