Research >> Economics
Business Inventories up 0.4% in August 2023
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 $1,857.2 billion, up 1.3 percent (±0.2 percent) from July 2023 and was up 0.2 percent (±0.3 percent)* from August 2022.
Manufacturers’ and trade inventories for August, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,548.7 billion, up 0.4 percent (±0.1 percent) from July 2023 and were up 1.0 percent (±0.4 percent) from August 2022.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of August was 1.37. The August 2022 ratio was 1.36.
Posted: October 17, 2023 Tuesday 10:00 AM