Business inventories in the U.S. climb 0.6% in July … MARKETWATCH
Business inventories in the U.S. climb 0.6% in July
By JEFFRY BARTASH
WASHINGTON (MarketWatch) – Business inventories in the U.S. jumped 0.6% in July, the Commerce Department said Friday. Sales rose 0.2% in the month.
The ratio of inventories to sales, meanwhile, rose to 1.34 from 1.33.
That’s how many months it would take to sell all the inventory on hand.
One year ago, the inventory-to-sales ratio was higher at 1.39.
An increase in inventories adds to gross domestic product and is a sign of an expanding economy. The increase in inventories in June was unchanged at 0.1%.