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Business Inventories up 0.3% in December 2022
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 $1,819.0 billion, down 0.6 percent (±0.2 percent) from November 2022, but was up 6.4 percent (±0.3 percent) from December 2021.
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 $2,483.5 billion, up 0.3 percent (±0.1 percent) from November 2022 and were up 12.7 percent (±0.3 percent) from December 2021.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of December was 1.37. The December 2021 ratio was 1.29.
Posted: February 15, 2023 Wednesday 10:00 AM