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Wholesale Inventories Rose In April

WASHINGTON (UPI) — U.S. wholesale inventories rose 0.6 percent in April, reaching $483.5 billion, the Commerce Department said Friday.

Inventories were up 8.2 percent from April 2011, the department said, while the March estimate, released a month earlier, was revised higher by $100 million to $480.5 billion, the department said.

The figures are adjusted for seasonal variations, but not for price changes.

Wholesale sales for April, also adjusted seasonally but not for prices, rose 1.1 percent month-to-month and 6.8 percent from a year earlier, reaching $415 billion. March’s sales estimate was revised down by 0.1 percent or $500 million.

The inventory-to-sales ratio — reflecting how many months it would take a company to deplete its inventory at the current sales pace — came in at 1.17, unchanged from a month earlier and slightly higher than the ratio a year earlier, which stood at 1.15.

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.

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