The following is the unedited transcript of the news release from the U.S. Census Bureau of the Department of Commerce.


Sales.

The U.S. Census Bureau announced today that 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 $1,189.4 billion, up 0.8 percent (±0.2%) from April 2008 and up 6.6 percent (±0.4%) from May 2007.

Inventories.

Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,479.3 billion, up 0.3 percent (±0.1%) from April 2008 and up 5.2 percent (±0.4%) from May 2007.

Inventories/Sales Ratio.

The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.24. The May 2007 ratio was 1.26.


Available at:

http://www.census.gov/mtis/www/current.html