The 2020 Mid-Year Economic Update_long

Manufacturing and Trade Shipments Down in June

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

The U.S. Census Bureau announced Friday that the combined value of distributive trade sales and manufacturers’ shipments for June — adjusted for seasonal and trading day differences but not for price changes — was estimated at $1.4 trillion, up 8.4 percent (±0.3 percent) from May 2020 but down 4.3 percent (±0.4 percent) from June 2019.

Manufacturers’ and trade inventories for June, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,912.1 billion, down 1.1 percent (±0.1 percent) from May 2020 and were down 5.8 percent (±0.4 percent) from June 2019.

The total business inventories/sales ratio based on seasonally adjusted data at the end of June was 1.37. The June 2019 ratio was 1.39.

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