- US business inventories increased less than expected in August
Market news
15 October 2014
US business inventories increased less than expected in August
The US Commerce Department released the business inventories data on Wednesday. The U.S. business inventories rose by 0.2 percent in August, after a 0.4% in July. That was the smallest increase since June 2013.
Analysts had expected a 0.4% increase.
Business sales dropped by 0.4% in August.
Sales by manufacturers decreased by 1.0%, while sales by wholesalers fell by 0.7%.
The business inventories/sales ratio remained unchanged at 1.29 months in August. The business inventories /sales ratio is a measure of how long it would take to clear shelves.
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