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Thursday, April 15, 2021

February business inventories exceed expectations

Sales
The combined value of distributive trade sales and manufacturers’ shipments for February, adjusted for
seasonal and trading day differences but not for price changes, was estimated at $1,549.6 billion, down 1.9
percent (±0.3 percent) from January 2021, but was up 5.7 percent (±0.4 percent) from February 2020.


Inventories
Manufacturers’ and trade inventories for February, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $2,010.8 billion, up 0.5 percent (±0.1 percent) from January 2021, but were down 0.7 percent (±0.4 percent) from February 2020.


Inventories/Sales Ratio
The total business inventories/sales ratio based on seasonally adjusted data at the end of February was 1.30. The February 2020 ratio was 1.38.

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