U.S. business inventories continue to rise in April

09:41, June 15, 2011      

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U.S. manufacturers' and trade inventories in April 2011 rose 0.8 percent from the previous month, as U.S. businesses increased their stockpiles for a 16th consecutive month, the Department of Commerce said in a report on Tuesday.

The April inventory figure of 1,497.5 billion U.S. dollars also represented a 10.6 percent increase from a year earlier, said the department.

The total business inventories-to-sales ratio stood at 1.26 by the end of April, slightly lower than the 1.27 level one year ago.

It is normally interpreted as a positive sign of economy when businesses increase their inventories, but some economists held that businesses might slash inventories in the near future if the sales growth pace slows.

Source: Xinhua
 
 
     
 
 
 
     
 
 
 
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