Research >> Economics
Business Inventories down 0.6% in October
Sales. The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for October, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,118.7 billion, down 3.5 percent (±0.3%) from September 2008 and down 1.6 percent (±0.5%) from October 2007.
Inventories. Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,497.0 billion, down 0.6 percent (±0.1%) from September 2008, but up 4.6 percent (±0.5%) from October 2007.
Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of October was 1.34. The October 2007 ratio was 1.26
Posted: December 12, 2008 Friday 10:02 AM