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Business Inventories up 1.5% in January 2023
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 $1,847.5 billion, up 1.5 percent (±0.3 percent) from December 2022 and was up 5.0 percent (±0.4 percent) from January 2022.
Manufacturers’ and trade inventories for January, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,479.6 billion, down 0.1 percent (±0.1 percent)* from December 2022, but were up 11.1 percent (±0.3 percent) from January 2022.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of January was 1.34. The January 2022 ratio was 1.27.
Posted: March 15, 2023 Wednesday 10:00 AM