8/17, 4:00 PM (Source: TeleTrader)
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US business inventories up by 1.4% in June

Inventories in the manufacturing and trade sectors in the United States rose by 1.4% in June, compared to the previous month to stand at $1.86 trillion, according to a report by the US Census Bureau released on Wednesday. The figure was 14.5% higher on a yearly comparison basis.

The combined value of distributive trade sales and manufacturers' shipments in the period under review was estimated at $2.42 trillion, rising 1.4% from the prior month and by 18.5% compared to June 2021.

The ratio between business inventories and sales was 1.30 at the end of June, slightly up from 1.26 recorded 12 months earlier.

Baha Breaking News (BBN) / AB