Wholesale Inventories Rose In April
June 8, 2012 by UPI - United Press International, Inc.
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.