Research >> Economics
Business Inventories down 1.0% in January
Sales. The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for January, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,004.0 billion, down 1.0 percent (±0.4%) from December 2008 and down 14.0 percent (±0.4%) from January 2008.
Inventories. Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,440.1 billion, down 1.1 percent (±0.1%) from December 2008 and down 1.5 percent (±0.3%) from January 2008.
Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of January was 1.43. The January 2008 ratio was 1.25.
Posted: March 12, 2009 Thursday 10:00 AM