Research >> Economics
Business Inventories up 0.3% in January
The U.S. Census Bureau announced the following new manufacturing and trade statistics for January 2017. The combined value of distributive trade sales and manufacturers’ shipments for January, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,359.3 billion, up 0.2 percent (±0.2 percent)* from December 2016 and was up 6.4 percent (±0.4 percent) from January 2016.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,841.4 billion, up 0.3 percent (±0.1 percent) from December 2016 and were up 2.3 percent (±0.3 percent) from January 2016.
Inventories/Sales RatioThe total business inventories/sales ratio based on seasonally adjusted data at the end of January was 1.35. The January 2016 ratio was 1.41.
Posted: March 15, 2017 Wednesday 10:00 AM