U.S. Business Inventories Climb Slightly Less Than Expected In August
14 Ottobre 2022 - 1:23PM
RTTF2
Business inventories in the U.S. increased by slightly less than
expected in the month of August, according to a report released by
the Commerce Department on Friday.
The Commerce Department said business inventories climbed by 0.8
percent in August after rising by a revised 0.5 percent in
July.
Economists had expected business inventories to advance by 0.9
percent compared to the 0.6 percent increase originally reported
for the previous month.
The report showed retail and wholesale inventories both jumped
by 1.3 percent, while manufacturing inventories edged down by 0.1
percent.
Meanwhile, the Commerce Department said business sales rose by
0.3 percent in August after slumping by 1.0 percent in July.
Manufacturing sales increased by 0.5 percent, while retail and
wholesale sales inched up by 0.2 percent and 0.1 percent,
respectively.
With inventories rising by more than sales, the total business
inventories/sales ratio crept up to 1.33 in August from 1.32 in
July.
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