July 2012 retail and food services sales were $403.9 billion, up 0.8 percent from the previous month and up 4.1 percent from one year earlier. Excluding autos, retail and food services sales in July were $330.2 billion, up 0.8 percent from June and up 3.2 percent from July 2011.
June 2012 business inventories were $1,580.3 billion, up 0.1 percent from May and up 5.0 percent from June 2011. Sales were $1,229.7 billion, down 1.1 percent from May but up 3.0 percent from June 2011. Also known as "business inventories," this is a report 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 is an American financial advisor.