Research >> Economics
Business Inventories up 0.3% 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 $1,297.8 billion, up 0.3 percent (±0.2) from July 2013, and were up 4.2 percent (±1.1) from August 2012.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,668.0 billion, up 0.3 percent (±0.1) from July 2013 and up 3.1 percent (±1.5) from August 2012.
The total business inventories/sales ratio based on seasonally adjusted data at the end of August was 1.29. The August 2012 ratio was 1.30.
Posted: October 29, 2013 Tuesday 10:00 AM