June Business Inventories Up 0.4%; Sales Rise 0.3%

Business inventories rose 0.4% to $1.743 trillion in June, while sales increased 0.3% to $1.347 trillion, the Commerce Department reported Wednesday.

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The June inventory rise followed a 0.5% gain in May while sales were up 0.3% in May.

On a year-over-year basis, inventories climbed 5.8% over the same month in 2013, while sales grew 4.7% in that period.

The total business inventories/sales ratio, based on seasonally adjusted data at the end of June, was 1.29, unchanged from the previous month's 1.29 ratio. The inventory/sales ratio for June 2013 was 1.28.

Economists polled by Thomson Reuters expected a 0.4% increase in inventories.


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