The U.S. Census Bureau released its monthly manufacturing and trade statistics for September on Nov. 15, showing a slight increase in inventories month-to-month, decelerating from the previous three months.
Sales
The figures showed that the November value of distributive trade sales and manufacturers’ shipments, adjusted for seasonal and trading day differences, was $1.8 billion, up 0.3% month-to-month, and up 0.5% year-over-year. The monthly change accelerated from August’s 0.2% gain.
September U.S. Wholesale Trade Sales Up 0.3%, Inventories Fall
Inventories
The report showed that total inventories for manufacturers and trade inventories ended September at $2.5 billion, up 0.1% from August 2024 and up 2.2% year-over-year. The monthly uptick followed gains of 0.3% in June, July and August.
U.S. Business Inventories – Month-to-Month % Change
source: tradingeconomics.com
Inventories/Sales Ratio
The September inventories/sales ratio for businesses was 1.38, up from September 2023’s 1.35.
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