Research >> Economics
Business Inventories up 0.3% 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 $1,323.6 billion, up 0.4 percent (±0.2%) from April 2015, but was down 2.2 percent (±0.4%) from May 2014.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,797.8 billion, up 0.3 percent (±0.1%) from April 2015 and were up 2.4 percent (±0.5%) from May 2014.
The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.36. The May 2014 ratio was 1.30.
Posted: July 14, 2015 Tuesday 10:00 AM