Manufacturers’ sales increased 0.3%
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Manufacturing News, Source : TheManufacturer.com
Published : 15 Aug 2002 21:33
The Department of Commerce’s latest report indicated that sales and manufacturers’ shipments, excluding semiconductors, were estimated at $822.4 billion for the month of June, up 0.3% from May. Year to date, sales are up 1.2%.
Manufacturers’ and trade inventories, excluding semiconductors, were estimated at an end-of-month level of $1,118.7 billion, up 0.2% from May but down 4.7% from June 2001. The total business inventories to sales ratio, based on seasonally adjusted data at the end of June, was 1.36, down from 1.44 in June 2001.
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