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The combined value of distributive trade sales and manufacturers' shipments for May, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $966.1 billion, down 0.1 percent from April 2009 and down 17.8 percent from May 2008.
Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,368.1 billion, down 1.0 percent from April 2009 and down 8.0 percent from May 2008.
The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.42. The May 2008 ratio was 1.27.
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