The combined value of distributive trade sales and manufacturers’ shipments for October 2023, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,856.2 billion, down 1.0% from September 2023 and was down 0.2% from October 2022.
Inventories
Manufacturers’ and trade inventories for October, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,550.0 billion, down 0.1% from September 2023, but were up 0.6% from October 2022.
Inventories/Sales Ratio
The total business inventories/sales ratio based on seasonally adjusted data at the end of October was 1.37. The October 2022 ratio was 1.36.
