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MANUFACTURING AND TRADE
INVENTORIES AND SALES SUMMARY
AUGUST 1997
Sales
The Census Bureau of the Department of Commerce announced today that the combined value of distributive trade sales and manufacturers' shipments for August adjusted for seasonal and trading-day differences, but not for price changes, were estimated at $754.1 billion, down 0.5 percent (+/—0.2%) from July but were 4.8 percent (+/—0.3%) above August 1996. Total durable goods decreased 1.0 percent (+/—0.3%) from July but were 6.4 percent (+/—0.7%) above August 1996. Total nondurable goods increased 0.1 percent (+/—0.2%) from July and were up 3.2 percent (+/—0.6%) from August 1996.
Inventories
Manufacturers' and trade inventories, adjusted for seasonal variations, but not for price changes, were estimated at an end-of-month level of $1,030.3 billion, up 0.2 percent (+/—0.5%) from July and 3.1 percent (+/—0.8%) above August 1996. Total durable goods increased 0.1 percent (+/—0.1%) from July and were up 3.6 percent (+/—1.0%) from August 1996. Total nondurable goods increased 0.5 percent (+/—0.4%) from July and were up 2.5 percent (+/—0.7%) from August 1996.
Inventories/Sales Ratio
The total business inventories/sales ratio based on seasonally adjusted data at the end of August was 1.37.
October 16, 1997U.S. Department of Commerce
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