The U.S. Census Bureau reports that the combined value of distributive trade sales and manufacturers’ shipments for October, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,307.3 billion. This is up 0.5% from September and follows a 0.3% increase last month. Total distributive trade sales and manufacturer’s shipments are up 3.9% from a year ago.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were an estimated $1,691.1 billion. This is up 0.7% from September and is the third month in a row that growth in inventories has outpaced sales. Manufacturers’ and trade inventories are up 3.6% from a year ago.
The total business inventories-to-sales ratio based on seasonally adjusted data at the end of September was 1.294, up from 1.291 in September. The October 2012 ratio was 1.297.