The 2020 Mid-Year Economic Update_long

Manufacturing and Trade Shipments Down in July

The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments and inventories for July was down 1.2% from last year.
trade sales and manufacturers’ shipments and inventories

The U.S. Census Bureau announced Wednesday 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 $1.4 trillion, up 3.2% (±0.2%) from June but down 1.2% (±0.4%) from July 2019.

Manufacturers’ and trade inventories for July, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1.9 trillion, up 0.1% (±0.1%) from June and were down 5.9% (±0.3%) from July 2019.

The total business inventories/sales ratio for distributive trade sales and manufacturers’ shipments and inventories, based on seasonally adjusted data at the end of July, was 1.33. The July 2019 ratio was 1.39.

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