HOUSTON, July 16 (Xinhua) — U.S. business inventories for May increased, according to the latest U.S. manufacturing and trade statistics report released on Friday.
Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of 2,039.3 billion U.S. dollars, up 0.5 percent from April 2021, and were up 4.5 percent from May 2020, said the report of the U.S. Department of Commerce.
The combined value of distributive trade sales and manufacturers’ shipments for May, adjusted for seasonal and trading day differences but not for price changes, was estimated at 1,615.9 billion dollars, down 0.3 percent from April 2021 and was up 28.7 percent from May 2020.
The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.26. The May 2020 ratio was 1.55.
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