U.S. business inventories up 0.5 pct in August

Source: Xinhua | 2018-10-16

U.S. business inventories increased 0.5 percent in August after rising 0.7 percent in July, the United States Department of Commerce said on Monday.

Business inventories for July were revised to 1,950.6 billion U.S. dollars, according to the department.

Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of 1,960.8 billion dollars in August, up 0.5 percent from July 2018 and up 4.2 percent from August 2017.

The combined value of distributive trade sales and manufacturers' shipments for August, adjusted for seasonal and trading-day differences but not for price changes, was estimated at 1,461.9 billion dollars, up 0.5 percent from July 2018 and up 7.8 percent from August 2017.