Research >> Economics
Business Inventories down 0.1% in October 2023
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 $1,856.2 billion, down 1.0 percent (±0.2 percent) from September 2023 and was down 0.2 percent (±0.3 percent)* from October 2022.
Manufacturers’ and trade inventories for October, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,550.0 billion, down 0.1 percent (±0.1 percent)* from September 2023, but were up 0.6 percent (±0.5 percent) from October 2022.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of October was 1.37. The October 2022 ratio was 1.36.
Posted: December 14, 2023 Thursday 10:00 AM