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Business Inventories up 0.7% in November
The U.S. Census Bureau announced the following new manufacturing and trade statistics for November 2016. The combined value of distributive trade sales and manufacturers’ shipments for November, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,326.7 billion, up 0.1 percent (±0.2 percent)* from October 2016 and was up 2.3 percent (±0.4 percent) from November 2015.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,827.5 billion, up 0.7 percent (±0.1 percent) from October 2016 and were up 1.5 percent (±0.4 percent) from November 2015.
The total business inventories/sales ratio based on seasonally adjusted data at the end of November was 1.38. The November 2015 ratio was 1.39.
Posted: January 13, 2017 Friday 10:00 AM