Research >> Economics
Business Inventories up 0.5% in February
The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for February, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,041.9 billion, up 0.3 percent (±0.2%) from January 2010 and up 6.8 percent (±0.4%) from February 2009.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,326.4 billion, up 0.5 percent (±0.2%) from January 2010, but down 6.7 percent (±0.3%) from February 2009.
The total business inventories/sales ratio based on seasonally adjusted data at the end of February was 1.27. The February 2009 ratio was 1.46.
Posted: April 14, 2010 Wednesday 10:00 AM