: U.S. business inventories rise 0.8% in August


Businesses increased inventories, or products waiting to be sold, by 0.8% in August. Economists polled by The Wall Street Journal had forecast a 0.9% increase. Rising inventories add to gross domestic product and usually reflect an expanding economy. The government said sales rose a smaller 0.3% in the month, however. As a result, the ratio of inventories to sales rose to 1.33 from 1.32 in the prior month. That’s how many months it would take to sell all the inventory on hand. While the ratio is still fairly low, it’s been on a recent uptrend. That can happen when demand slows, potentially leaving companies stuck with unwanted goods that they have to discount to sell.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleHelp My Career: Worried about losing your job in a recession? This entrepreneur advises you do these 5 things right now.
Next articleMarketWatch 25 Years: ‘Soft landing’ unlikely as Fed tries to get grip on inflation, says former Treasury Secretary Robert Rubin


Please enter your comment!
Please enter your name here