Research >> Economics
Business Inventories up 0.5% in December
The U.S. Census Bureau announced today that 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 $1,317.7 billion, up 0.1 percent (±0.2) from November 2013, and were up 3.8 percent (±0.4) from December 2012.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,707.9 billion, up 0.5 percent (±0.2) from November 2013 and up 4.4 percent (±0.6) from December 2012.
The total business inventories/sales ratio based on seasonally adjusted data at the end of December was 1.30. The December 2012 ratio was 1.29.
Posted: February 13, 2014 Thursday 10:04 AM