Research >> Economics
Business Inventories up 0.8% in July
The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,240.6 billion, up 0.9 percent (±0.1%) from June 2012 and up 2.8 percent (±0.3%) from July 2011.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,592.0 billion, up 0.8 percent (±0.1%) from June 2012 and up 5.4 percent (±0.3%) from July 2011.
The total business inventories/sales ratio based on seasonally adjusted data at the end of July was 1.28. The July 2011 ratio was 1.25.
Posted: September 14, 2012 Friday 10:00 AM