Research >> Economics
Business Inventories down 1.3% in January 2024
The combined value of distributive trade sales and manufacturers’ shipments for January, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,833.3 billion, down 1.3 percent (±0.2 percent) from December 2023 and was down 1.2 percent (±0.4 percent) from January 2023.
Manufacturers’ and trade inventories for January, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,555.0 billion, virtually unchanged (±0.1 percent)* from December 2023, but were up 0.4 percent (±0.5 percent)* from January 2023.
The total business Inventories/Sales Ratio based on seasonally adjusted data at the end of January was 1.39. The January 2023 ratio was 1.37.
Posted: March 14, 2024 Thursday 10:00 AM