Research >> Economics
Business Inventories up 0.2% in November 2023
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 $1,858.8 billion, up 0.2 percent (±0.1 percent) from October 2023 and was up 1.0 percent (±0.3 percent) from November 2022.
Manufacturers’ and trade inventories for November, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,548.9 billion, down 0.1 percent (±0.1 percent)* from October 2023, but were up 0.4 percent (±0.5 percent)* from November 2022.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of November was 1.37. The November 2022 ratio was 1.38.
Posted: January 17, 2024 Wednesday 10:00 AM