Research >> Economics
Business Inventories up 0.7% in September
The combined value of distributive trade sales and manufacturers’ shipments for September, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,465.1 billion, up 0.6 percent (±0.1 percent) from August 2020 and was up 0.8 percent (±0.4 percent) from September 2019.
Manufacturers’ and trade inventories for September, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,932.8 billion, up 0.7 percent (±0.1 percent) from August 2020, but were down 4.7 percent (±0.3 percent) from September 2019.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of September was 1.32. The September 2019 ratio was 1.40.
Posted: November 17, 2020 Tuesday 10:00 AM