Arab Today, arab today us business inventories rose 03 in april
Last Updated : GMT 11:40:20
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US business inventories rose 0.3% in April

Arab Today, arab today

Arab Today, arab today US business inventories rose 0.3% in April

Washington - UPI

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 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.

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