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Census Bureau: Manufacturing Inventories and Sales Essentially Flat in May

U.S. Census Bureau (07/14/15)

The combined value of distributive trade sales and manufacturers’ shipments for May was a seasonally and trading-day adjusted $1,323.6 billion. This was up 0.4% from April, but down 2.2% from May 2014. On a nonseasonally adjusted basis, total business sales for May were down 4.3%. The seasonally adjusted business-inventories-to-sales ratio was 1.36 at the end of May, up from 1.30 last year. Manufacturers’ and trade inventories for May were estimated at an end-of-month level to be a seasonally adjusted $1,797.8 billion, up 0.3% from April and 2.4% from May of last year.