• Prior month -0.1%
  • Business inventories for December 0.4% versus 0.4% expected. highest since August 2022
  • Business inventories total $2,556.0B vs $2,46.8B last month
  • Retail inventories ex auto 0.4% versus -0.6% last month

Sales:

  • Adjusted combined value of distributive trade sales and manufacturers' shipments for December: $1,863.6 billion
  • Increase from November 2023: 0.4% (±0.2%)
  • Year-over-year increase from December 2022: 2.2% (±0.3%)

Inventory/sales ratio:

  • The total business inventories/sales ratio based on seasonally adjusted data at the end of December was 1.37. The December 2022 ratio was 1.40.
Inventory – sales
Inventory/sales ratio remains steady

A rise in the inventories is a boost to fourth-quarter GDP