Research >> Economics
Business Inventories up 0.2% in October
The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for October, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,350.9 billion, down 0.1 percent (±0.3%)* from September 2014, but were up 3.4 percent (±0.5%) from October 2013.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,760.4 billion, up 0.2 percent (±0.1%) from September 2014 and up 4.8 percent (±0.5%) from October 2013.
The total business inventories/sales ratio based on seasonally adjusted data at the end of October was 1.30. The October 2013 ratio was 1.29.
Posted: December 11, 2014 Thursday 10:00 AM