8/15, 4:00 PM (Source: TeleTrader)
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US business inventories unchanged in June

Inventories in the manufacturing and trade sectors in the United States were unchanged in June compared to the previous month, according to a report by the US Census Bureau released on Thursday. On an annual basis, inventories were up 5.2% compared to the same month a year earlier.

The combined value of trade sales and manufacturers' shipments for June, adjusted for seasonal and trading-day differences but not for price changes, came in at $1,460.1 billion, up 0.1% on a monthly basis and 1.3% year on year.

The ratio between business inventories and sales was 1.39, the same as in May.

Breaking the News / JC