Global Economic Data
U.S. business inventories remain flat in June
Last Updated: 2013-08-14 08:19 | Xinhua
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U.S. manufacturing and trading companies' inventories remained almost flat in June on a monthly basis, following a revised 0.1-percent decrease in the prior month, the Department of Commerce said Tuesday.

The June inventory figure of 1.66 trillion U.S. dollars represented a 3.5-percent increase from a year earlier, said the department.

The total business inventories-to-sales ratio, a figure measuring the time span of the inventories being sold, stood at 1.29 by the end of June, the same as the prior month, lower than the reading of 1.30 a year earlier.

In addition, combined sales of manufacturers, wholesalers and retailers rose 0.2 percent in June from the prior month to 1.29 trillion dollars, said the department.

It is normally interpreted as a positive sign of economy when businesses increase their inventories, but business inventories-to-sales ratio is still far from the pre-recession high of nearly 1.5 as business owners are still cautious about the economic outlook.

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