Home Economy U.S. Business Inventories Rise Slightly Less Than Expected In September

U.S. Business Inventories Rise Slightly Less Than Expected In September

by RTTNews Staff Writer

The Commerce Department released a report on Wednesday showing U.S. business inventories increased by slightly less than expected in the month of September.

The report said business inventories rose by 0.4 percent in September after climbing by an upwardly revised 0.9 percent in August.

Economists had expected inventories to increase by 0.5 percent compared to the 0.8 percent advance originally reported for the previous month.

Wholesale inventories climbed by 0.6 percent, while retail inventories rose by 0.4 percent and manufacturing inventories inched up by 0.2 percent.

Meanwhile, the report showed business sales crept up by 0.2 percent in September after rising by 0.3 percent in August.

While wholesale and manufacturing sales rose by 0.4 percent and 0.2 percent, respectively, retail sales edged down by 0.1 percent.

With inventories and sales both rising, the total business inventories/sales ratio was unchanged from the previous month at 1.33.

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.



Source links

Related Articles

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy