Economic Buzz: US business inventories up by 0.4% in August

Inventories in the manufacturing and trade sectors in the United States rose 0.4% in August on a monthly basis, to $2.82 trillion, the US Census Bureau reported on Thursday. On an annual basis, the figure was up by 4.6%.

In the reported month, the combined value of distributive trade sales and manufacturers' shipments grew 1.1% month over month and 10.2% year over year, reaching $2.12 trillion.

The ratio between business inventories and sales at the end of August was 1.33, down from 1.40 registered a year ago.

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