US trade sales and manufacturers’ shipments declined in December, even as inventories posted an increase during the month.
Source: US Census Bureau
The seasonally adjusted total value of distributive trade sales and manufacturers’ shipments for December stood at $1.717 trillion, down 0.7% from November’s $1.729 trillion but higher than the $1.481 trillion in December 2020.
Manufacturers’ sales was recorded at $528.924 billion, retailers’ sales at $553.621 billion, and merchant wholesalers’ at $634.617 billion. All three posted growth from the previous month and the comparable period in 2020.
Seasonally adjusted inventories for the month were estimated at $2.206 trillion, reflecting a 2.1% growth from November 2021 and 10.5% growth from December 2020.
The inventories/sales ratio for the month clocked in at 1.29, up from 1.25 in November but lower than the 1.35 in December 2020.