U.S. business inventories rise 0.1% in May

08:41, July 15, 2010      

Email | Print | Subscribe | Comments | Forum 

Inventories held by U.S. businesses on shelves and backlots edged up 0.1 percent in May, as sales dropped for the first time in more than a year, the Commerce Department said Wednesday.

The 0.1-percent increase, the fifth consecutive monthly gain, was slightly weaker than the 0.2-percent gain economists had expected.

According to data released by the department, total business sales dropped 0.9 percent in May, the first decline since March 2009.

The total business inventories-to-sales ratio at the end of May edged up slightly to 1.24 from 1.23 in April. The ratio is a measure of how long it would take to deplete stocks at the current sales pace.

Usually, adding inventories are seen as a sign of increase of confidence in future demand. Analysts look at the inventories-to-sales ratio to determine how to interpret the data.

U.S. economic growth slowed to 2.7 percent in the first three months of this year, in part because the pace of inventory re-building slowed. Many economists believe growth will slow to around 2.5 percent in the second half of this year.

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
  • Photo taken on Sept. 29, 2011 shows strong wind blows trees in Sanya, south China's Hainan Province. Typhoon Nesat heads towards south China and is moving at an average wind speed of 20 km per hour toward the west coast of China's Guangdong Province. (Xinhua/Hou Jiansen)
  • A fallen tree is seen on a road in Qionghai, south China's Hainan Province, Sept. 29, 2011. Typhoon Nesat was predicted to land in Hainan later Thursday, bringing heavy rainfalls to the island. (Xinhua/Meng Zhongde)
  • Arash Kamalvand (L) of Iran spikes the ball during the semifinal against South Korea at the 16th Asian Men's Volleyball Championship in Tehran, Iran, Sept. 28, 2011. Iran won 3-1 to advance to the final. (Xinhua/Ahmad Halabisaz)
  • A man visits "Thy Word Is Truth, the Bible Ministry Exhibition of the Protestant Church in China", during its opening at Mount Vernon Place United Methodist Church in Washington DC, capital of the United States, Sept. 28, 2011. Through the Bible's various Chinese versions, ancient or modern, as well as pictures, paintings, calligraphy, art works and historical documents, the exhibition was expected to give an overall understanding of how Bible was brought into China, how it was translated, published, distributed and loved. (Xinhua/Zhang Jun)
Hot Forum Discussion