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US business inventories edge up in May
(MENAFN) According to the US Department of Commerce, the US business inventories grew at a slower pace in May to manage with weaker growth of sales, Xinhua reported.
Inventories increased 0.5 percent in May, following an increase of 1.0 percent in April, the department added.
The combined sales by manufacturers, wholesalers and retailers increased 0.7 percent in May, after rising 1.3 percent in April.
The total business inventories-to-sales ratio stood at 1. 18 by the end of May, unchanged from the revised number in April.
Inventories increased 0.5 percent in May, following an increase of 1.0 percent in April, the department added.
The combined sales by manufacturers, wholesalers and retailers increased 0.7 percent in May, after rising 1.3 percent in April.
The total business inventories-to-sales ratio stood at 1. 18 by the end of May, unchanged from the revised number in April.
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