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 $1,709.1 billion, up 2.1 percent (±0.2 percent) from September 2021 and was up 16.7 percent (±0.7 percent) from October 2020.

Manufacturers’ and trade inventories for October, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,127.5 billion, up 1.2 percent (±0.1 percent) from September 2021 and were up 7.8 percent (±0.5 percent) from October 2020.

The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of October was 1.24. The October 2020 ratio was 1.35.