Research >> Economics
Business Inventories down 0.1% in November
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 $1,480.8 billion, down 0.1 percent (±0.2 percent)* from October 2020, but was up 1.5 percent (±0.4 percent) from November 2019.
Manufacturers’ and trade inventories for November, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,959.9 billion, up 0.5 percent (±0.1 percent) from October 2020, but were down 3.2 percent (±0.4 percent) from November 2019.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of November was 1.32. The November 2019 ratio was 1.39.
Posted: January 15, 2021 Friday 10:00 AM