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Saturday, August 17, 2019
HomeNewsEconomyBusiness Inventories Continue to Outpace Sales in May

Business Inventories Continue to Outpace Sales in May

Wholesale inventories concept depicting by employees having short meeting in the warehouse to check levels of business inventories. 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)

Business inventories were estimated at $2,036.4 billion for May, up 0.3% (±0.1%) from April 2019 and 5.3% (±0.4%) from May 2018. That’s slightly less than the consensus forecast but follows a 0.5% build in April.

IndicatorPriorConsensus ForecastForecast RangeResult
Inventories – M/M ∆0.5%0.4%0.2% to 0.4%0.3%

Data are adjusted for seasonal and trading-day differences but not for price changes.

Sales

The combined value of distributive trade sales and manufacturers’ shipments for May was estimated at $1,461.4 billion, up 0.2 percent (±0.2
percent)* from April 2019 and was up 1.5 percent (±0.4 percent) from May 2018.

Inventories/Sales Ratio

The total business inventories/sales ratio based on seasonally adjusted data at the end of May was only slightly higher at 1.39. The May 2018 ratio was 1.34.

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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