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US business inventories show stable growth in December 2017

Manufacturers' and trade inventories posted stable growth in December 2017, rising 0.4% to a seasonally adjusted $1.902 trillion from the revised $1.895 in November 2017, the Census Bureau's latest report showed

In annual terms, business inventories rose 3.2% from December 2016.

Sales edged up 0.6% month over month to a seasonally adjusted $1.431 trillion for the month and climbed 6.7% from a year earlier.

The total business inventories-to-sales ratio was 1.33 at the end of December 2017, compared with 1.37 in December 2016.