manufacturing sales inventories

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 Sales & Inventories July 2009 - Inventories drop another 1%

current release:

Sales. The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $978.4 billion, up 0.1 percent (±0.2%)* from June 2009 and down 17.8 percent (±0.4%) from July 2008.

Inventories. Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,332.5 billion, down 1.0 percent (±0.1%) from June 2009 and down 11.8 percent (±0.4%) from July 2008.

Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of July was 1.36. The July 2008 ratio was 1.27.

This is the longest inventory contraction since 2002.