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

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

Sales

The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers' shipments for November, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,220.9 billion, up 0.3 percent (+/-0.2%) from October 2011 and up 9.6 percent (+/-0.3%) from November 2010.

Inventories

Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of- month level of $1,550.1 billion, up 0.3 percent (+/-0.1%) from October 2011 and up 8.5 percent (+/-0.3%) from November 2010.

Inventories/Sales Ratio

The total business inventories/sales ratio based on seasonally adjusted data at the end of November was 1.27. The November 2010 ratio was 1.28.

INTENTION TO REVISE: Revisions to the Wholesale adjusted and not adjusted monthly estimates for sales and inventories are scheduled for release in March 2012. Estimates will be revised to reflect the results of the 2010 Annual Wholesale Trade Survey. Retail and Manufacturing estimates will be revised at a later date. Revisions to the Wholesale data will be reflected in the February 2012 Manufacturing and Trade Inventories and Sales release scheduled for April 16, 2012.

The Manufacturing and Trade Inventories and Sales Report for December is scheduled to be released February 14, 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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