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- US business inventories rose more than expected in June
US business inventories rose more than expected in June
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 $1,356.8 billion, up 0.3 percent (±0.2 percent) from May 2017 and was up 4.3 percent (±0.4 percent) from June 2016.
Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,869.3 billion, up 0.5 percent (±0.1 percent) from May 2017 and were up 2.8 percent (±0.2 percent) from June 2016.
The total business inventories/sales ratio based on seasonally adjusted data at the end of June was 1.38. The June 2016 ratio was 1.40.
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