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.
Copyright 2013 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Original headline: Wholesale inventories and sales rise
Most Popular Stories
- American Airlines, US Airways Complete Merger
- ACA Delay Stresses Small Businesses
- Questions Remain in Jenni Rivera's Death
- Harley Issues Motorcycle Recall
- Unemployed Wait as Lawmakers Debate
- General Dynamics Plans 200 New Jobs in N.M.
- Auto Dealer Builds Big Solar Project
- Entrepreneurs' Next Creation May Be New Laws
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Dell Offers Undisclosed Number of Employee Buyouts