US Business Inventories Rise in November

According to the latest report from the US Census Bureau, business inventories in the manufacturing and trade sectors experienced a modest increase of 0.1% in November, reaching a total of $2.59 trillion. This marks a 2.6% increase compared to the same period last year, signaling a steady growth in the US economy.

Sales and Shipments Also Show Growth

In the same month, the combined value of distributive trade sales and manufacturers' shipments saw a 0.5% increase, totaling $1.9 trillion. This figure also represents a 2.5% rise on a year-over-year basis, further indicating the resilience of the US market.

Inventory-to-Sales Ratio Remains Stable

The ratio of business inventories to sales at the end of November stood at 1.37, unchanged from the previous year. This stability suggests a balanced relationship between inventory levels and sales, highlighting efficient inventory management across sectors.