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

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

INTENTION TO REVISE: Revisions to the Wholesale and Retail adjusted and not adjusted monthly estimates for sales and inventories are scheduled for release in March 2012 and April 2012, respectively. Estimates will be revised to reflect the results of the 2010 Annual Wholesale and Annual Retail Trade Surveys.

Manufacturing estimates will be revised at a later date.

Revisions to the Wholesale estimates will be reflected in the February 2012 Manufacturing and Trade Inventories and Sales (MTIS) release scheduled for April 16, 2012. Revisions to the Retail estimates will be reflected in the March 2011 MTIS release scheduled for May 15, 2012.

Sales. The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers' shipments for December, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,230.0 billion, up 0.7 percent (0.3%) from November 2011 and up 8.9 percent (0.4%) from December 2010.

Inventories. Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,555.5 billion, up 0.4 percent (0.2%) from November 2011 and up 7.7 percent (0.4%) from December 2010.

Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of December was 1.26. The December 2010 ratio was 1.28.

The Manufacturing and Trade Inventories and Sales Report for January is scheduled to be released March 13, 2012 at 10:00 a.m. EDT.

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

To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net

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

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