U.S. business inventories flat in June

WASHINGTON (MarketWatch) – Business inventories in the U.S. were flat in June, the Commerce Department said Thursday. Sales rose 0.1% in the month. The ratio of inventories to sales, meanwhile, slipped to 1.39 from 1.40. That‘s how many months it would take to sell all the inventory on hand. One year ago, the inventory-to-sales ratio was 1.34. An increase in inventories adds to gross domestic product while a decrease subtracts from it. The increase in inventories in May was unchanged at 0.3%.

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