inventories

Manufacturing & Trade Inventories & Sales for April 2010

The Manufacturing, Trade, Inventories & Sales for April 2010 is out. Sales were up 0.6% and inventories up 0.4% for the month. Last month sales were up 2.5% for all business.

Below is a graph of the sales to inventories ratio. As you can see the ratio has become flat, which implies businesses are simply keeping on hand what they believe they can sell. It represents only a 1.23 months supply of inventories, given the current sales rate.

 

 

Below is a graph of raw inventory changes. Notice inventories are nowhere near pre-recession levels.

 

Manufacturing & Trade Inventories & Sales for November 2009

The Manufacturing & Trade Inventories Sales report is out for November 2009. This report includes retailers, wholesalers and manufacturers.

Sales were up 2.0% from October 2009 and Inventories were up 0.4% from October 2009.

For the year to year comparison, sales are still down 0.4% from November 2008 and inventories were down 11.1% from November 2008. Remember in November 2008 the official recession has gone on for 11 months.

Sales to inventory ratios is now 1.28 for the month. This is actually good, yet don't get your panties all in a bunch until you read the below on wholesale data, released earlier in the week.

The more the inventory/sales ratio returns to pre-recession levels the more it is implied hiring will begin to manufacture new goods. Of course that also requires demand return to pre-recession levels.

Manufacturing & Trade Inventories and Sales for August 2009 - Inventories down in a record, -1.5%

Inventories data came out today and showed we have the biggest decline in inventories in history of the index, 1.5%. Here is the inventory to sales ratio graph, which is actually good. The more manufacturers run out of stuff on the shelves with new orders, the more they have to make stuff and hire people to make the stuff.

inventory sales ratio aug 2009

Sales. The U.S. Census Bureau 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, was estimated at $989.6 billion, up 1.0 percent (±0.2%) from July 2009 and down 15.1 percent (±0.4%) from August 2008.

New Factory Orders, inventories - New orders down 0.8%

It seems the announcement of this grand economic recovery is premature, at least in the United States.

The report on Manufacturers’ Shipments, Inventories and Orders, August 2009 has been released and it ain't pretty.

new orders, August 2009

New orders for manufactured goods in August, down following four consecutive monthly increases, decreased $2.8 billion or 0.8 percent to $352.9 billion, the U.S. Census Bureau reported today. This followed a 1.4 percent July increase. Excluding transportation, new orders increased 0.4 percent.

More bad news on new orders for durable goods, down 2.6%:

Factory Orders for June 2009

The Commerce department released Manufacturers Shipments, Orders & Inventories today. This is the full report, as usual, the devil is in the details.

New orders for manufactured goods in June, up four of the last five months, increased $1.4 billion or 0.4 percent to $349.0 billion, the U.S. Census Bureau reported today. This followed a 1.1 percent May increase.

Excluding transportation, new orders increased 2.3 percent. Shipments, up following ten consecutive monthly decreases, increased $4.9 billion or 1.4 percent to $358.3 billion. This followed a 0.8 percent May decrease.

Unfilled orders, down nine consecutive months, decreased $6.5 billion or 0.9 percent to $740.2 billion. This was the longest streak of consecutive monthly decreases since November 2001-July 2002. This followed a 0.3 percent May decrease.

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