U.S. October Business Inventories and Sales Report (Text)

The following is the text of the retail sales and inventories by business from the Commerce Department.

October 2011 Sales

The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers' shipments for October, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,217.9 billion, up 0.7 percent (+/-0.3%) from September 2011 and up 10.9 percent (+/-0.3%) from October 2010.

Inventories

Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,546.4 billion, up 0.8 percent (+/-0.1%) from September 2011 and up 8.7 percent (+/-0.3%) from October 2010.

Inventories/Sales Ratio

The total business inventories/sales ratio based on seasonally adjusted data at the end of October was 1.27. The October 2010 ratio was 1.29. The scheduled release dates for 2012 are as follows: January 12, February 14, March 13, April 16, May 15, June 13, July 16, August 14, September 14, October 15, November 14, December 13.

The Manufacturing and Trade Inventories and Sales Report for November is scheduled to be released January 12, 2012 at 10:00 a.m. EST.

For customized time series estimates by industry, visit the Census Bureau's web site at <www.census.gov/timeseries>.

For additional survey information, visit <www.census.gov/mtis>.

*The 90 percent confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.

SOURCE: U.S. Commerce Department. http://www.census.gov/mtis

To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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