“Manufacturers’ and trade inventories were estimated at an end-of-month level of $1,960.8 billion, up 0.5 percent from July 2018 and were up 4.2 percent from August 2017,” the U.S. Census Bureau reported on Monday.
Key takeaways from the press release
- The combined value of distributive trade sales and manufacturers’ shipments for August was estimated at $1,461.9 billion, up 0.5 percent from July 2018 and was up 7.8 percent from August 2017.
- The total business inventories/sales ratio based on seasonally adjusted data at the end of August was 1.34.
- The August 2017 ratio was 1.39.
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