Business sales were up 1% for November, beating a 0.3% bump in inventories, according to a Commerce Department report [link opens in PDF] released today.
Seasonally adjusted sales rose to $1.272 trillion, representing a 4.3% increase from November 2011. Inventories rose to $1.621 trillion in November, meeting analyst estimates. Compared to November 2011, the most recent numbers reflect a 5.5% jump in inventories.
After October's 0.4% sales drop and 0.4% rise in inventories, November's report points to slow but steady growth for businesses.
To understand the rate at which goods are being made and sold, economists compute an inventories/sales ratio. Sales rose more than inventories in the latest report, but the minimal overall change kept the ratio steady at 1.28. The November 2011 ratio was 1.26.
The article Business Sales Outstrip Inventories for November originally appeared on Fool.com.
You can follow Justin Loiseau on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.