The report shows that total business inventories in November rose to $ 1.5501 trillion, an increase of 8.5%. Corporate sales ring the month rose 0.3 percent, to $ 1.2209 trillion, an increase of 9.6%.
Consumer spending accounts for 70% of the total U.S. economy, is an important benchmark measure of U.S World Steel Pipe News . economic trends. The financial crisis and economic recession, U.S. companies continued to cut inventory, prior to October 2009, business inventories had 13 consecutive months of decline. Economists believe that the increase in U.S. business inventories and sales is a reflection of U.S. economic recovery is enhanced.
The data show that the U.S. Department of Commerce announced on the 12th November last year, U.S. business inventories increased by 0.3% over the previous month, showing the momentum of the slow recovery of the U.S. economy.
Monthly inventory-sales ratio of 1.27 and 1 World steel pipe network editing .27 months to sell through inventory, that is the current sales pace; the ratio is unchanged from the previous month but down slightly from 1.28 in November 2010, showing that U.S. businesses hold on the consumer to pick up cautious optimism.