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Business Inventories up 0.4% in December
The U.S. Census Bureau announced the following new manufacturing and trade statistics for December 2016.The combined value of distributive trade sales and manufacturers’ shipments for December, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,356.0 billion, up 2.0 percent (±0.2 percent) from November 2016 and was up 5.2 percent (±0.4 percent) from December 2015.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,835.7 billion, up 0.4 percent (±0.2 percent) from November 2016 and were up 2.0 percent (±0.5 percent) from December 2015.
The total business inventories/sales ratio based on seasonally adjusted data at the end of December was 1.35. The December 2015 ratio was 1.40.
Posted: February 15, 2017 Wednesday 10:00 AM