Nov. U.S. business inventories up 0.3%
Nov. U.S. business inventories up 0.3% (by Steve Goldstein)
WASHINGTON (MarketWatch) -- U.S. business inventories grew 0.3% in November to $1.55 trillion after a 0.8% advance in October, the Commerce Department said Thursday. The inventories data matched a MarketWatch-compiled economic forecast. Compared to November 2010, inventories are up 8.5%. The ratio of inventories to sales stayed at 1.27 during the month.