U.S. business inventories climb 0.4% in July

WASHINGTON - Business inventories in the U.S. rose 0.4% in July after no change in the prior month, the Commerce Department said Friday. Sales rose 0.3% in the month.

The ratio of inventories to sales, meanwhile, was flat at 1.40. That's how many months it would take to sell all the inventory on hand. One year ago, the inventory-to-sales ratio was 1.35. An increase in inventories adds to gross domestic product while a decrease subtracts from it.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The $400 billion outdoor industry sounds alarm on Trump's trade war tariffsFrom September 2018 to July 2019, outdoor recreation businesses have paid $1.8 billion more in tariffs compared to the year ago period, according to new data from the Outdoor Industry Association. translation: we cant fatten our wallets as much as last year. these libtard run companies can afford the tariffs! buy their overpriced cheap china made gear on secondary market like Ebay for half the storeroom price
Source: CNBC - 🏆 12. / 72 Read more »