Research >> Economics
Business Inventories up 0.5% in August
The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for August, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,201.4 billion, up 0.3 percent (±0.2%) from July 2011 and up 11.8 percent (±0.3%) from August 2010.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,535.9 billion, up 0.5 percent (±0.1%) from July 2011 and up 10.5 percent (±0.3%) from August 2010.
The total business inventories/sales ratio based on seasonally adjusted data at the end of August was 1.28. The August 2010 ratio was 1.29.
Posted: October 14, 2011 Friday 10:00 AM