FXstreet.com (Barcelona) - Business inventories have increased in December, somewhat larger than expected, as business sales have dropped on the month, according to data released by the US Commerce Department.
Business inventories have grown 0.6% in December to a level of $1,444.9 billion, when the experts advanced a 0.4% increase. From December 2006, business inventories have risen 4.0%.
The main reason of the increase on business inventories has been the 0.5% monthly decrease in sales, which increased 6.0% on the year. The inventory to sales ratio has decreased to 1.26 months from 1.28 months in December 2006.