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Business Inventories up 0.1% in July 2023
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 $1,828.4 billion, up 0.6 percent (±0.1 percent) from June 2023, but was down 1.2 percent (±0.3 percent) from July 2022.
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 $2,538.1 billion, virtually unchanged (±0.1 percent)* from June 2023, but were up 1.4 percent (±0.4 percent) from July 2022.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of July was 1.39. The July 2022 ratio was 1.35.
Posted: September 14, 2023 Thursday 10:00 AM