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Business Inventories up 1.4% in July 2022
The combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,839.5 billion, down 0.9 percent (±0.2 percent) from June 2022, but was up 12.5 percent (±0.4 percent) from July 2021.
Manufacturers’ and trade inventories for July, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,434.3 billion, up 0.6 percent (±0.1 percent) from June 2022 and were up 18.4 percent (±0.5 percent) from July 2021.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of July was 1.32. The July 2021 ratio was 1.26.
Posted: September 15, 2022 Thursday 10:00 AM