Research >> Economics
Business Inventories up 1.0% in August
The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for August, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $989.6 billion, up 1.0 percent (±0.2%) from July 2009 and down 15.1 percent (±0.4%) from August 2008.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,311.4 billion, down 1.5 percent (±0.1%) from July 2009 and down 13.3 percent (±0.4%) from August 2008.
The total business inventories/sales ratio based on seasonally adjusted data at the end of August was 1.33. The August 2008 ratio was 1.30.
Posted: October 14, 2009 Wednesday 10:00 AM