U.S. manufacturing and trade inventories rose by 0.7 percent in September to a seasonally adjusted $1.612 trillion, the U.S. Census Bureau said Wednesday.
The report showed manufacturing and trade sales rose 1.4 percent on a seasonally adjusted basis to $1.26 trillion.
From July 2011, inventories rose by 6.2 percent while sales rose 4.4 percent from a year earlier.
The inventory-to-sales ratio -- reflecting how many months it would take a company to deplete its inventory at the current sales pace -- came in at 1.28, slightly higher than a year earlier, when the ratio was 1.25.
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Quiznos Files for Chapter 11
- U.S. to Relinquish Gov't Control Over Internet
- Vybz Kartel Convicted of Murder
- FDIC Sues Big Banks Over Rate Manipulation
- SoCalGas Reaches Record Spend on Diversity Suppliers
- U.S. Consumer Sentiment Falls in Early March