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Sunday, September 22, 2019
HomeNewsEconomySolid Build in Business Inventories, Stronger Sales Bode Well for GDP

Solid Build in Business Inventories, Stronger Sales Bode Well for GDP

A worker stacks boxes of television sets after they have been assembled, checked and repackaged, before moving them to the warehouse at Element Electronics in Winnsboro, South Carolina May 29, 2014. (Photo: Reuters)

The U.S. Census Bureau’s manufacturing and trade statistics report finds business inventories rose as expected by 0.3%, with sales fueling restocking that will bode well for gross domestic product (GDP).

Sales

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 $1,425.9 billion, up 0.4% (±0.1%) from March 2018 and was up 6.7% (±1.1 percent) from April 2017.

Inventories

Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,930.0 billion, up 0.3% (±0.1%) from March 2018 and were up 4.4% (±1.3%) from April 2017.

Inventories/Sales Ratio

The total business inventories/sales ratio based on seasonally adjusted data at the end of April was 1.35. The April 2017 ratio was 1.38.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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