U.S. business inventories up 1 percent in May

08:34, July 15, 2011      

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U.S. manufacturers' and trade inventories rose 1 percent in May from the previous month as businesses increased their stockpiles for a 17th consecutive month, the Commerce Department reported Thursday.

The May inventory figure of 1.514 trillion U.S. dollars also represented a 11.6 percent increase from a year earlier, the department said.

The total business inventories-to-sales ratio stood at 1.28 by the end of May, the same level as one year ago, the report said.

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

Source: Xinhua
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