U.S. business inventories for last November hit over 1.89 trillion USD
Xinhua,January 13, 2018 Adjust font size:
HOUSTON, Jan. 12 (Xinhua) -- The latest U.S. manufacturing and trade statistics, released on Friday, showed that the business inventories for November 2017 hit 1,895.4 billion U.S. dollars.
According to the U.S. Census Bureau's data, manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, was estimated at an end-of-month level of 1,895.4 billion U.S. dollars, up 0.4 percent from October 2017 and were up 3.2 percent from November 2016.
The combined value of distributive trade sales and manufacturers' shipments for November 2017, adjusted for seasonal and trading-day differences but not for price changes, was estimated at 1,420.1 billion U.S. dollars, up 1.2 percent from October 2017 and was up 7.9 percent from November 2016.
The total business inventories/sales ratio based on seasonally adjusted data at the end of November 2017 was 1.33. The November 2016 ratio was 1.40. Enditem