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.

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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 $1,257.7 billion, down 0.4 percent (+/-0.2%) from September 2012 and up 3.1 percent (+/-0.4%) from October 2011.

Inventories

Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,619.2 billion, up 0.4 percent (+/-0.1%) from September 2012 and up 5.7 percent (+/-0.4%) from October 2011.

Inventories/Sales Ratio

The total business inventories/sales ratio based on seasonally adjusted data at the end of October was 1.29. The October 2011 ratio was 1.26. The scheduled release dates for 2013 are as follows: January 15, February 13, March 13, April 12, May 13, June 13, July 15, August 13, September 13, October 11, November 14, December 12.

The Manufacturing and Trade Inventories and Sales Report for November is scheduled to be released January 15, 2013 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>.

To receive the latest updates on the nation’s key economic indicators, download the America’s Economy app for Apple and Android smartphones and tablets.

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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