Research >> Economics
Business Inventories up 0.2% in October
The combined value of distributive trade sales and manufacturers’ shipments for October, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,456.0 billion, down 0.1 percent (±0.2 percent)* from September 2019 and was down 0.1 percent (±0.3 percent)* from October 2018.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $2,042.8 billion, up 0.2 percent (±0.1 percent) from September 2019 and were up 3.1 percent (±0.4 percent) from October 2018.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of October was 1.40. The October 2018 ratio was 1.36.
Posted: December 13, 2019 Friday 10:00 AM