August 2012 business inventories were $1,601.7 billion, up 0.6 percent from July and up 5.3 percent from August 2011. Sales were $1,246.6 billion, up 0.5 percent from July and up 3.1 percent from August 2011.
Manufacturing and Trade Inventories and Sales is a monthly report also known as "business inventories," released by the Economics & Statistics Administration, United States Department of Commerce, from data gathered by the U.S. Census Bureau of the dollar value of product inventories held by manufacturers, wholesalers, and retailers. Included in the report is the inventories/sales ratio, a gauge of the number of months it would take to deplete existing inventories at the current rate of sales.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only, registered investment adviser. Since 1999, Chris has devoted himself to the practice of financial services – helping people make money, save money, protect money, have convenience and peace of mind. Connect with Chris@BryantWealthManagement.com.
Chris Bryant is an American financial advisor.