Research >> Economics
Business Inventories down 1.3% in April
The combined value of distributive trade sales and manufacturers’ shipments for April, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,184.8 billion, down 14.4 percent (±0.2 percent) from March 2020 and was down 18.4 percent (±0.3 percent) from April 2019.
Manufacturers’ and trade inventories for April, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,981.2 billion, down 1.3 percent (±0.1 percent) from March 2020 and were down 2.2 percent (±0.4 percent) from April 2019.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of April was 1.67. The April 2019 ratio was 1.39.
Posted: June 16, 2020 Tuesday 10:00 AM