News Column

Business Inventories Rose Modestly in April

June 13, 2013
business invetories

Business inventories rose modestly in April while sales slipped, the U.S. Census Bureau said Thursday.

Inventories were up 0.3 percent to $1.65 trillion. Sales declined 0.1 percent to $1.26 trillion.

The monthly figures adding up manufacturing and trade inventories were in line with the consensus forecast.

The total business-inventories-to-sales ratio was 1.31, based on seasonally adjusted data, the Census Bureau said. A year ago, the ratio was 2.27.

The ratio indicates how long it will take to sell existing inventory at current prices. As the ratio rises, it indicates manufacturers may have too much inventory on hand and may adjust by slowing production.




For more stories covering business, please see HispanicBusiness' Business Channel



Source: Copyright UPI 2013