October 16, 2020
The U.S Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments for August was estimated at $1,452.4 billion, reflecting an increase of 0.6% from July 2020. However, this was 0.4% lower than August 2019.
Additionally, manufacturers’ and trade inventories level at end of August was estimated at $1.919.2 billion, up 0.3% from July 2020, but was 5.5% lower than August 2019. As a result, total business inventories/sales ratio at the end of August 2020 amounted to 1.32 relative to 1.39 at the end of August 2019.
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