Research >> Economics
Business Inventories up 0.1% in July
The combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,441.1 billion, up 3.2 percent (±0.2 percent) from June 2020, but was down 1.2 percent (±0.4 percent) from July 2019.
Manufacturers’ and trade inventories for July, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,914.3 billion, up 0.1 percent (±0.1 percent)* from June 2020, but were down 5.9 percent (±0.3 percent) from July 2019.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of July was 1.33. The July 2019 ratio was 1.39.
Posted: September 16, 2020 Wednesday 10:00 AM