U.S. Business Inventories Up, Sales Down
WASHINGTON (UPI) — U.S. business inventories rose while sales fell in May, the Commerce Department reported Monday.
Sales dropped 0.1 percent to a seasonally adjusted $1.245 trillion. They were up 5.1 percent from May 2011.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,578.4 billion, up 0.3 percent from April 2012 and up 5.2 percent from May 2011.
The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.27, up from the ratio of 1.26 in April, but steady compared to May 2011.
UPI - United Press International, Inc. Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.
Join the Discussion:
View Comments to “U.S. Business Inventories Up, Sales Down”
Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.
Is there news related to personal liberty happening in your area? Contact us at email@example.com