U.S. Business Inventories Rose 0.6% in July
15 September 2018 - 12:30AM
Dow Jones News
By Sarah Chaney and Kate Davidson
WASHINGTON--U.S. business inventories increased in July by 0.6%
to a seasonally adjusted $1.95 trillion, according to the Commerce
Department. Here are some key takeaways from Friday's report:
-The 0.6% headline reading for inventories was slightly above
the consensus. Economists surveyed by The Wall Street Journal had
expected a 0.5% increase in July from the prior month.
-Factory inventories rose 0.8% in July versus the prior month,
while retail inventories were up 0.5% and wholesale inventories
were up 0.6%.
-The overall inventories to sales ratio in July was 1.34,
compared with 1.33 in June. It had been 1.39 in July 2017.
-Friday's figures will flow into the Commerce Department's next
revision for U.S. gross domestic product during the second quarter,
due Sept. 27. The agency's most recent estimate showed GDP growth
at a 4.2% annual rate during the period.
The Commerce Department's full report on manufacturing and trade
inventories and sales can be accessed at:
https://www.census.gov/mtis/www/data/pdf/mtis_current.pdf
Write to Sarah Chaney at sarah.chaney@wsj.com and Kate Davidson
at kate.davidson@wsj.com
(END) Dow Jones Newswires
September 14, 2018 10:15 ET (14:15 GMT)
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