ECON: Business Inventories Rise Faster Than Expected
- Inventories +1.0 vs +0.4 Consensus
- Sales -0.3 vs +0.1 in Dec
- Stock/Sales ratio 1.29 vs 1.28 in Dec
- Inventories rise is largest since May 2011
The U.S. Census Bureau announced today that 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
$1,268.8 billion, down 0.3 percent (±0.3%)* from December
2012 and up 2.9 percent (±0.4%) from January 2012.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated
at an end-of-month level of $1,642.2 billion, up 1.0 percent (±0.2%) from December 2012 and up 5.6 percent (±0.5%) from
The total business inventories/sales ratio based on seasonally adjusted data at the end of January was
1.29. The January 2012 ratio was 1.26.