Research >> Economics
Business Inventories down 0.7% in November
Sales. The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for November, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,057.0 billion, down 5.1 percent (±0.2%) from October 2008 and down 8.9 percent (±0.5%) from November 2007.
Inventories. Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,485.1 billion, down 0.7 percent (±0.1%) from October 2008, but up 3.3 percent (±0.5%) from November 2007.
Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of November was 1.41. The November 2007 ratio was 1.24.
Posted: January 14, 2009 Wednesday 10:01 AM