Manufacturing Sales Slip As Inventory Rises

The U.S. Census Bureau reports that the combined value of distributive trade sales and manufacturers’ shipments for April, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,267.9 billion, down 0.1% from March, but up 1.5% from April 2012.

Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,657.2 billion, up 0.3% from March and up 4.2% from April 2012.

The total business inventories/sales ratio based on seasonally adjusted data at the end of April was 1.31. This is higher than March’s ratio of 1.30 and is the highest that this metric has been since 2009.

US Business Inventories to Sales Ratio April 2013 600x375 Manufacturing Sales Slip As Inventory Rises

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