Factory Inventories Rising
Dec. 13, 2006 -- Declining sales boosted inventory levels at U.S. factories by 0.4 percent in October, the Commerce Department reported Wednesday.
Manufacturer's and trade inventories rose to $1.365 billion, while sales and shipments dropped by 0.2 percent to $1.046 billion, the report said.
At the current sales pace, the ratio of inventories to sales was 1.31, compared to 1.26 in October 2005, the report said.
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