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Friday, September 20, 2019
HomeNewsEconomyBusiness Inventories Build Solidly, But Not Keeping Pace With Demand

Business Inventories Build Solidly, But Not Keeping Pace With Demand

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)
Employees have short meeting in the warehouse to check business inventory levels of goods. First in first out. (Photo: AdobeStock)

Employees have short meeting in the warehouse to check business inventory levels of goods. First in first out. (Photo: AdobeStock)

Business inventories were estimated at $1,936.9 billion, an increase of 0.4% (±0.1%) from April 2018. From May 2017, business inventories were up 4.4% (±1.2%), adjusted for seasonal variations but not for price changes.

While both are typically healthy builds, inventories are not building at a pace that keeps up with demand.

The combined value of distributive trade sales and manufacturers’ shipments for May, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,449.7 billion, up 1.4% (±0.2%) from April 2018 and was up 8.6% (±1.2%) from May 2017.

The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.34. The May 2017 ratio was 1.39.

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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