Mumbai, Oct. 16 -- 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.
Published by HT Digital Content Services with permission from Capital Market....