Research >> Economics
Business Inventories up 0.1% 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 $1,093.2 billion, up 0.1 percent (±0.2%)* from July 2010, and up 8.2 percent (±0.4%) from August 2009.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,386.5 billion, up 0.6 percent (±0.1%) from July 2010 and up 4.7 percent (±0.4%) from August 2009.
The total business inventories/sales ratio based on seasonally adjusted data at the end of August was 1.27. The August 2009 ratio was 1.31.
Posted: October 15, 2010 Friday 10:00 AM