US business inventories up marginally
Washington - UPI
U.S. business inventories rose marginally in May, while sales climbed 1.1 percent, the Commerce Department reported Monday. Manufacturing and trade inventories rose 0.1 percent to an end of the month total of $1.656 trillion, while sales rose to a seasonally adjusted rate of $1.283 trillion. Inventories rose 3.8 percent from May 2012, while sales rose 3.1 percent over the past 12 months. The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.29, up from the ratio of 1.28 in May 2012.
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