The 2020 Mid-Year Economic Update_long

Manufacturing and Trade Shipments Down in August

The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments and inventories for August was down 0.4% from the same month last year.
Manufacturing and Trade Shipments August 2020

The U.S. Census Bureau announced Friday that the combined value of distributive trade sales and manufacturers’ shipments for August — adjusted for seasonal and trading day differences but not for price changes — was estimated at $1.5 trillion, up 0.6% (±0.2%) from July but down 0.4% (±0.4%) from August 2019.

Manufacturers’ and trade inventories for August, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1.9 trillion, up 0.3% (±0.1%) from July, but were down 5.5% (±0.3%) from August 2019.

The total business inventories/sales ratio based on seasonally adjusted data at the end of August was 1.32. The August 2019 ratio was 1.39.

 

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