U.S. reports rising business inventories in December

February 14, 2014 7:39 am 

WASHINGTON, Feb. 14 — U.S. business inventories rose 0.5 percent in December, following a revised 0.4 percent gain in the previous month, the Department of Commerce said Thursday.

The December inventory figure of about 1.7 trillion U.S. dollars also represented a 4.4 percent increase from a year earlier, said the department.

The combined sales by manufacturers, wholesalers and retailers also rose 0.1 percent to 1.3 trillion dollars in December.

The total business inventories-to-sales ratio, a figure measuring the time span of the inventories being sold, stood at 1. 3 by the end of December, up from 1.29 in November.

It is normally interpreted as a positive sign of the economy when businesses boost their stockpiles. Higher business inventories indicate stronger economic confidence and would contribute to the growth of the gross domestic product.(PNA/Xinhua)

FPV/JSD

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