The Census Bureau of the Department of Commerce announced today that the combined value of distributive trade sales and manufacturers' shipments for June adjusted for seasonal and trading-day differences, but not for price changes, were estimated at $747.9 billion, up 0.7 percent (+/—0.2%) from May and 4.9 percent (+/—0.4%) above June 1996. Total durable goods increased 1.5 percent (+/—0.3%) from May and were 6.1 percent (+/—0.9%) above June 1996. Total nondurable goods decreased 0.2 percent (+/—0.3%) from May but were up 3.8 percent (+/—0.6%) from June 1996.

Manufacturers' and trade inventories, adjusted for seasonal variations, but not for price changes, were estimated at an end-of-month level of $1,025.9 billion, up 0.7 percent (+/—0.5%) from May and 3.4 percent (+/—0.8%) above June 1996. Total durable goods increased 0.9 percent (+/—0.2%) from May and were up 4.4 percent (+/—1.1%) from June 1996. Total nondurable goods increased 0.4 percent (+/—0.3%) from May and were up 1.9 percent (+/—0.7%) from June 1996.

The total business inventories/sales ratio based on seasonally adjusted data at the end of June was 1.37, the same as May but down .02 (+/—.04) from June 1996.

August 14, 1997 U.S. Department of Commerce

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