Research >> Economics
Business Inventories down 1.1% in June
The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers' shipments for June, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $975.8 billion, up 0.9 percent (±0.2%) from May 2009 and down 18.0 percent (±0.5%) from June 2008.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,350.0 billion, down 1.1 percent (±0.1%) from May 2009 and down 9.8 percent (±0.4%) from June 2008.
The total business inventories/sales ratio based on seasonally adjusted data at the end of June was 1.38. The June 2008 ratio was 1.26.
Posted: August 13, 2009 Thursday 10:00 AM