Research >> Economics
Business Inventories down 1.1% in June
The combined value of distributive trade sales and manufacturers’ shipments for June, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,394.0 billion, up 8.4 percent (±0.3 percent) from May 2020, but was down 4.3 percent (±0.4 percent) from June 2019.
Manufacturers’ and trade inventories for June, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,912.1 billion, down 1.1 percent (±0.1 percent) from May 2020 and were down 5.8 percent (±0.4 percent) from June 2019.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of June was 1.37. The June 2019 ratio was 1.39.
Posted: August 14, 2020 Friday 10:00 AM