HOUSTON, Sept. 14 (Xinhua) -- U.S. business inventories increased 0.6 percent in July after rising 0.1 percent in June, the United States Department of Commerce said on Friday.
Business inventories for June was revised to 1,937.6 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 1,950.0 billion U.S. dollars in June, up 0.6 percent from June 2018 and up 4.3 percent from July 2017.
The combined value of distributive trade sales and manufacturers' shipments for June, adjusted for seasonal and trading-day differences but not for price changes, was estimated at 1,454.1 billion U.S. dollars, up 0.2 percent from June 2018 and was up 8.1 percent from July 2017.
The total business inventories/sales ratio based on seasonally adjusted data at the end of July was 1.34. The July 2017 ratio was 1.39.
