United States: Business Inventories (MTIS)
|Updated:||2/13/2014 10:10 AM|
|Analyst:||Eric Tannenbaum in West Chester|
Business inventories rose by 0.5% in December, meeting expectations. Novemberís business inventories were unrevised. Retail inventories added 0.6%, manufacturing inventories gained 0.5%, and wholesale inventories inched up 0.3%. Business sales meekly rose 0.1% after increasing by 0.7% in the prior month. The inventory-to-sales ratio rose to 1.3, with the prior month's I/S ratio being unrevised. Businesses will trim inventories in coming months, tapering growth in their inventories relative to the pace of sales.
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