logo
Plus   Neg
Share
Email

U.S. Business Inventories Inch Up In Line With Estimates In December

business inventories2 021420 lt

Business inventories in the U.S. edged higher in the month of December, according to a report released by the Commerce Department on Friday.

The report said business inventories inched up by 0.1 percent in December after slipping by 0.2 percent in November. The uptick in inventories matched economist estimates.

The modest increase in business inventories came as manufacturing inventories rose by 0.5 percent, more than offsetting a 0.2 percent dip in wholesale inventories. Retail inventories came in unchanged.

Meanwhile, the Commerce Department said business sales edged down by 0.1 percent in December after climbing by 0.5 percent in November.

Wholesale sales slumped by 0.7 percent, more than offsetting a 0.5 percent increase in manufacturing sales. Retail sales came in unchanged.

With inventories rising and sales falling, the total business inventories/sales ratio crept up to 1.40 in December from 1.39 in November.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT