Research >> Economics
Business Inventories up 0.5% in May
The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for May, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,343.3 billion, up 0.4 percent (±0.2%) from April 2014 and were up 4.6 percent (±0.5%) from May 2013.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,737.4 billion, up 0.5 percent (±0.1%) from April 2014 and up 5.6 percent (±0.4%) from May 2013.
The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.29. The May 2013 ratio was 1.28.
Posted: July 15, 2014 Tuesday 10:00 AM