Research >> Economics
Business Inventories down 2.3% in May
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 $1,284.3 billion, up 8.4 percent (±0.3 percent) from April 2020, but was down 11.8 percent (±0.4 percent) from May 2019.
Manufacturers’ and trade inventories for May, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,933.7 billion, down 2.3 percent (±0.1 percent) from April 2020 and were down 4.8 percent (±0.4 percent) from May 2019.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of May was 1.51. The May 2019 ratio was 1.40.
Posted: July 16, 2020 Thursday 10:00 AM