Economics

Business Sales Outpace Inventories According to Census Bureau

The U.S. Census Bureau reports 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 $1,293.6 billion. This is up 0.6% from June and up 4.6% from a year ago.

Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,661.9 billion. This is up 0.4% from June and up 3.2% from a year ago.

The total business inventories/sales ratio based on seasonally adjusted data at the end of July was 1.28, down from 1.29 in June. The July 2012 ratio was 1.30.

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Via: floatingpath.com