Research >> Economics
Business Inventories down 5.2% in March
The combined value of distributive trade sales and manufacturers’ shipments for March, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,386.1 billion, down 5.2 percent (±0.2 percent) from February 2020 and was down 4.9 percent (±0.3 percent) from March 2019.
Manufacturers’ and trade inventories for March, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $2,012.5 billion, down 0.2 percent (±0.1 percent) from February 2020 and were down 0.3 percent (±0.4 percent)* from March 2019.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of March was 1.45. The March 2019 ratio was 1.38.
Posted: May 15, 2020 Friday 10:00 AM