Research >> Economics
Business Inventories up 0.1% in May
The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for May, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,283.5 billion, up 1.1 percent (±0.2) from April 2013, and were up 3.1 percent (±1.1) from May 2012.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,656.5 billion, up 0.1 percent (±0.1) from April 2013 and up 3.8 percent (±1.4) from May 2012.
The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.29. The May 2012 ratio was 1.28.
Posted: July 15, 2013 Monday 10:00 AM