Research >> Economics
Business Inventories up 0.6% in August
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 $1,452.4 billion, up 0.6 percent (±0.2 percent) from July 2020, but was down 0.4 percent (±0.4 percent)* from August 2019.
Manufacturers’ and trade inventories for August, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,919.2 billion, up 0.3 percent (±0.1 percent) from July 2020, but were down 5.5 percent (±0.3 percent) from August 2019.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of August was 1.32. The August 2019 ratio was 1.39.
Posted: October 16, 2020 Friday 10:00 AM