Research >> Economics
Business Inventories up 0.9% in October
The combined value of distributive trade sales and manufacturers’ shipments for October, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,482.3 billion, up 0.9 percent (±0.1 percent) from September 2020 and was up 2.2 percent (±0.3 percent) from October 2019.
Manufacturers’ and trade inventories for October, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,948.7 billion, up 0.7 percent (±0.1 percent) from September 2020, but were down 4.0 percent (±0.4 percent) from October 2019.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of October was 1.31. The October 2019 ratio was 1.40.
Posted: December 16, 2020 Wednesday 10:00 AM