Manufacturing & The Economy
The U.S. Census Bureau announced Monday that the combined value of distributive trade sales and manufacturers’ shipments for February, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,311.8 billion, up 0.8% (±0.2%) from January 2014 and were up 1.8% (±0.5%) from February 2013.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,715.6 billion, up 0.4% (±0.1%) from January 2014 and up 4.2% (±0.5%) from February 2013.
The total business inventories/sales ratio based on seasonally adjusted data at the end of February was 1.31. The February 2013 ratio was 1.28.