Business inventories rises in-line with forecast

Sales
The combined value of distributive trade sales and manufacturers’ shipments for June, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,640.8 billion, up 1.4 percent (±0.2 percent) from May 2021 and was up 19.9 percent (±0.5 percent) from June 2020.

Inventories
Manufacturers’ and trade inventories for June, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,057.4 billion, up 0.8 percent (±0.1 percent) from May 2021 and were up 6.6 percent (±0.5 percent) from June 2020.

Inventories/Sales Ratio
The total business inventories/sales ratio based on seasonally adjusted data at the end of June was 1.25. The June 2020 ratio was 1.41.