News Column

Wholesale Inventories up a Touch in July

September 11, 2013

UPI Business News

Wholesale inventories saw a rise in July after a slight dip in June (file photo).

U.S. wholesale inventories rose marginally in July, climbing 0.1 percent on a seasonally adjusted basis to an even $500 billion, the U.S. Census Bureau said.

Inventories were up 2.2 percent from July 2012 levels, the bureau said Wednesday.

Wholesale sales also rose 0.1 percent from June to July, climbing to $426.1 billion, which is 5.7 percent higher than July 2012, the U.S. Commerce Department agency said.

Sales of durable goods were down 0.6 percent month to month, although they were up 4.8 percent from July 2012. Sales of non-durable goods rose 0.7 percent from June to July, but rose 6.4 percent from 12 months earlier.

The June inventories-to-sales ratio for wholesalers, seasonally adjusted, was 1.17, unchanged from June, the bureau said. The July 2012 ratio was 1.21.

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Original headline: Wholesale inventories up marginally in July

Source: Copyright 2013 United Press International, Inc. (UPI).

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