Research >> Economics
Business Inventories up 0.1% in May
The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for May, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,090.2 billion, down 0.9 percent (±0.2%) from April 2010, but up 11.8 percent (±0.5%) from May 2009.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,355.7 billion, up 0.1 percent (±0.1%)* from April 2010, but down 1.5 percent (±0.3%) from May 2009.
The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.24. The May 2009 ratio was 1.41.
Posted: July 14, 2010 Wednesday 10:00 AM