US: Manufacturers’ & trade inventories estimated at $1,869.3 bln, up 0.5% from May 2017

Eren Sengezer FXStreet

"Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,869.3 billion, up 0.5 percent from May 2017 and were up 2.8 percent from June 2016," the U.S. Census Bureau said on Tuesday.

Key takeaways:

The combined value of distributive trade sales and manufacturers’ shipments for June, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,356.8 billion, up 0.3 percent from May 2017 and was up 4.3 percent from June 2016
The total business inventories/sales ratio based on seasonally adjusted data at the end of June was 1.38. The June 2016 ratio was 1.40.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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