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Sunday, September 15, 2019
HomeNewsEconomyBusiness Inventories Build 0.1% for June, Matching Consensus Forecast

Business Inventories Build 0.1% for June, Matching Consensus Forecast

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)

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

The Census Bureau (US) reported that business inventories rose by 0.1% in June, matching the consensus forecast.

Sales

The combined value of trade sales and manufacturers’ shipments for June, adjusted for seasonal and trading-day differences but not for price changes, came in at an estimated $1,452.2 billion. That’s 0.3% (±0.1%) higher than May 2018 and 8.2% (±1.2%) higher than June 2017.

Inventories

Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,937.2 billion, up 0.1% (±0.1%)* from May 2018 and were up 4.0% (±1.3%) from June 2017.

Inventories/Sales Ratio

The total business inventories/sales ratio based on seasonally adjusted data at the end of June was 1.33. The June 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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