U.S. Business Inventories Virtually Unchanged In August
October 16 2019 - 6:29AM
RTTF2
The Commerce Department released a report on Wednesday showing
little change in U.S. business inventories in the month of
August.
The report said business inventories came in virtually unchanged
in August after climbing by a revised 0.3 percent in July.
Economists had expected inventories to rise by 0.2 percent
compared to the 0.4 percent increase originally reported for the
previous month.
Business inventories came in unchanged as manufacturing
inventories were flat and a 0.2 percent uptick in wholesale
inventories was offset by a 0.1 percent dip in retail
inventories.
Meanwhile, the Commerce Department said business sales rose by
0.2 percent in August, matching the revised increase in July.
Retail sales led the way higher, climbing by 0.6 percent, while
wholesale sales were unchanged and manufacturing sales edged down
by 0.1 percent.
Even with sales rising and inventories flat, the total business
inventories/sales ratio came in unchanged from the previous month
at 1.40.
US Dollar vs Yen (FX:USDJPY)
Forex Chart
From Aug 2024 to Sep 2024
US Dollar vs Yen (FX:USDJPY)
Forex Chart
From Sep 2023 to Sep 2024