Business Inventories Up 0.4% At October's End

Inventories were 7.3% higher than year before.

U.S. business inventories, a category that includes retailers and merchant wholesalers in addition to manufacturers, were at a seasonally adjusted $1.37 trillion at the end of October, the U.S. Commerce Department reported on Dec. 13.

The month-end figure for October this year was four-tenths of a percentage point higher than September's month-end figure of $1.36 trillion and 7.3% higher than the October 2005 month-end figure of $1.27 trillion.

The inventory to sales ratio was 1.31 in October of this year; in October 2005 it was 1.26.

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