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9/13, 4:00 PM (Source: TeleTrader)
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US business inventories up by 0.4% in July

Inventories in the manufacturing and trade sectors in the United States rose 0.4% in July to reach $2,042.6 billion, according to a report by the US Census Bureau released on Friday. On an annual basis, the figure was 4.8% higher than in July 2018.

The combined value of trade sales and manufacturers' shipments for July, adjusted for seasonal and trading day differences but not for price changes, came in at $1,462.9 billion, adding 0.3% on a monthly basis and rising 1.3% year on year.

The ratio between business inventories and sales at the end of July was 1.40, up from 1.35 a year ago.

Breaking the News / DZ