U.S. wholesale inventories rose 0.5 percent in November on a seasonally adjusted basis to $516.4 billion, the Census Bureau said Friday.
Inventories were up 3.3 percent from November 2012, the bureau said.
Wholesale sales also gained, climbing 1 percent from October to $440.1 billion, 5.5 percent higher than November 2012, the U.S. Commerce Department agency said.
Sales of durable goods dropped 0.4 percent from October and rose 4 percent from November 2012.
Sales of non-durable goods were up 2.1 percent from October and 6.8 percent from 12 months earlier.
The November inventories-to-sales ratio for wholesalers, seasonally adjusted, was 1.17, a drop from November 2012 when the ratio stood at 1.2.
Copyright 2014 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.
Most Popular Stories
- New Hershey's Logo Revealed
- Americans Still Pessimistic Despite Economic Growth
- Obama's Delay on Immigration Creates Uncertainty
- Illinois Issues Fracking Rules
- Startups Offer Smartphone Banking Apps
- Mexico's Pemex Forecasts 6.7% Drop in 2014 Crude Production
- 'Longmire' Cancelled, Looks for New Network
- Clippers Deal Started With 2 Numbers
- Hip-Hop Takes Up Ferguson Cause
- Echeveste Steps Down, Perez Steps Up at VPE