Business Inventories Rise 0.2% in June
Inventories of unsold goods at U.S. companies rose in June for a second straight month, reflecting more stockpiles of cars and clothing, a government report showed.
The 0.2% increase during the month matched May’s rise, the Commerce Department said. Sales at manufacturers, wholesalers and retailers increased 0.3% after falling 0.3% in May.
Signs of a tepid economic recovery are prompting companies to control costs, including keeping a tight rein on inventories.
The last time inventories rose in two or more months was February 1999 to January 2001, said Commerce officials.
The inventory-to-sales ratio, a measure of how long goods remain unsold, held at 1.36 months, close to a record-low 1.35 months’ worth in April.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
