Distributive Trade Sales Down 0.9% in July
Washington, DC, September 15, 2022-The combined value of distributive trade sales and manufacturers’ shipments for July was estimated at $1,839.5 billion, down 0.9% from June 2022, but was up 12.5% from July 2021, according to the U.S. Census Bureau.
Manufacturers’ and trade inventories for July were estimated at an end-of-month level of $2,434.3 billion, up 0.6% from June 2022 and were up 18.4% from July 2021.
The total business inventories/sales ratio based on seasonally adjusted data at the end of July was 1.32. The July 2021 ratio was 1.26.
Related Topics:U.S. Census Bureau