Distributive Trade Sales & Manu. Shipments Down 1.1% in March
Washington, DC, May 16, 2023-The combined value of distributive trade sales and manufacturers’ shipments for March was estimated at $1,790.8 billion, down 1.1% from February 2023 and was down 0.3% from March 2022, according to the U.S. Census Bureau.
Manufacturers’ and trade inventories for March were estimated at an end-of-month level of $2,490.0 billion, down 0.1% from February 2023 but were up 6.5% from March 2022.
The total business inventories/sales ratio based on seasonally adjusted data at the end of March was 1.39. The March 2022 ratio was 1.30.
Related Topics:U.S. Census Bureau