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Business Inventories up 0.4% in November 2022
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 $1,838.2 billion, down 0.8 percent (±0.2 percent) from October 2022, but was up 7.4 percent (±0.4 percent) from November 2021.
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 $2,476.5 billion, up 0.4 percent (±0.1 percent) from October 2022 and were up 15.1 percent (±0.4 percent) from November 2021.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of November was 1.35. The November 2021 ratio was 1.26.
Posted: January 18, 2023 Wednesday 10:00 AM