Research >> Economics
Business Inventories up 0.4% in November
The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for November, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,027.4 billion, up 2.0 percent (±0.3%) from October 2009, but down 0.4 percent (±0.5%)* from November 2008.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,313.2 billion, up 0.4 percent (±0.1%) from October 2009, but down 11.1 percent (±0.3%) from November 2008.
The total business inventories/sales ratio based on seasonally adjusted data at the end of November was 1.28. The November 2008 ratio was 1.43.
Posted: January 14, 2010 Thursday 10:00 AM