U.S. business inventories increase in July

Source: Xinhua| 2020-09-16 23:56:40|Editor: huaxia

HOUSTON, Sept. 16 (Xinhua) -- U.S. business inventories for July increased, according to the latest U.S. manufacturing and trade statistics report released on Wednesday.

Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of 1,914.3 billion U.S. dollars, up 0.1 percent from June 2020, and down 5.9 percent from July 2019, said the report of the U.S. Department of Commerce.

The combined value of distributive trade sales and manufacturers' shipments for July, adjusted for seasonal and trading day differences but not for price changes, was estimated at 1,441.1 billion dollars, up 3.2 percent from June 2020, but down 1.2 percent from July 2019.

The total business inventories/sales ratio based on seasonally adjusted data at the end of July was 1.33. The July 2019 ratio was 1.39. Enditem