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Tuesday, June 15, 2021

April business inventories below expectation

Sales
The combined value of distributive trade sales and manufacturers’ shipments for April, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,621.1 billion, up 0.6 percent (±0.1 percent) from March 2021 and was up 40.0 percent (±0.6 percent) from April 2020.


Inventories
Manufacturers’ and trade inventories for April, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,024.0 billion, down 0.2 percent (±0.1 percent) from March 2021, but were up 1.3 percent (±0.5 percent) from April 2020.


Inventories/Sales Ratio
The total business inventories/sales ratio based on seasonally adjusted data at the end of April was 1.25. The April 2020 ratio was 1.73.

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