Research >> Economics
Business Inventories up 0.4% in December 2023
The combined value of distributive trade sales and manufacturers’ shipments for December, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,863.6 billion, up 0.4 percent (±0.2 percent) from November 2023 and was up 2.2 percent (±0.3 percent) from December 2022.
Manufacturers’ and trade inventories for December, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,556.0 billion, up 0.4 percent (±0.1 percent) from November 2023 and were up 0.4 percent (±0.5 percent)* from December 2022.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of December was 1.37. The December 2022 ratio was 1.40.
Posted: February 15, 2024 Thursday 10:00 AM