Research >> Economics
Business Inventories up 0.4% in July
Sales. The U.S. Census Bureau announced today that 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 $1,293.6 billion, up 0.6 percent (±0.2) from June 2013, and were up 4.6 percent (±1.1) from July 2012.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,661.9 billion, up 0.4 percent (±0.1) from June 2013 and up 3.2 percent (±1.5) from July 2012.
The total business inventories/sales ratio based on seasonally adjusted data at the end of July was 1.28. The July 2012 ratio was 1.30.
Posted: September 13, 2013 Friday 10:00 AM