Business Services Industry
Real inventories, sales, and inventory-sales ratios for manufacturing and trade for the first quarter of 2005
Survey of Current Business, July, 2005
Table 1B. Real Manufacturing and Trade Inventories, Seasonally
Adjusted, End of Period
[Billions of chained (2000) dollars]
2004 2005 2004
IV I Nov. Dec.
Manufacturing and trade
industries 1,203.0 1,217.4 1,204.8 1,203.0
Manufacturing 436.1 442.9 437.7 436.1
Durable goods 260.4 265.4 261.1 260.4
Wood products 9.5 9.9 9.5 9.5
Nonmetallic mineral
products 9.0 9.1 9.1 9.0
Primary metals 17.8 18.9 17.6 17.8
Fabricated metal products 30.6 31.3 30.4 30.6
Machinery 34.2 34.8 34.1 34.2
Computer and electronic
products 57.0 56.9 57.3 57.0
Electrical equipment,
appliances, and
components 11.6 11.7 11.7 11.6
Transportation equipment 65.6 67.5 66.3 65.6
Furniture and related
products 7.4 7.4 7.3 7.4
Miscellaneous
manufacturing 17.7 17.4 17.8 17.7
Nondurable goods 175.6 177.6 176.5 175.6
Food products 32.2 32.1 32.2 32.2
Beverage and tobacco
products 11.9 12.0 12.1 11.9
Textile mills 5.0 4.9 5.1 5.0
Textile product mills 5.1 5.2 5.1 5.1
Apparel 7.0 7.2 7.1 7.0
Leather and allied
products 1.5 1.5 1.5 1.5
Paper products 15.8 16.1 15.9 15.8
Printing and related
support activities 6.5 6.4 6.5 6.5
Petroleum and coal
products 16.6 18.0 17.6 16.6
Chemical products 53.9 53.5 53.5 53.9
Plastics and rubber
products 20.5 20.8 20.3 20.5
Merchant wholesale trade 318.4 323.0 317.7 318.4
Durable goods 194.1 197.4 194.1 194.1
Nondurable goods 124.4 125.7 123.7 124.4
Retail trade 448.3 451.2 449.1 448.3
Motor vehicle and parts
dealers 151.9 152.2 155.7 151.9
Furniture and home
furnishings and
electronics and appliance
stores 32.0 31.9 31.2 32.0
Building material and
garden equipment and
supplies stores 50.4 51.0 49.6 50.4
Food and beverage stores 33.4 33.3 33.5 33.4
Clothing and clothing
accessories stores 33.5 34.4 33.4 33.5
General merchandise stores 69.1 70.4 68.4 69.1
Other retail stores 78.3 78.4 77.8 78.3
2005
Jan. Feb. Mar. Apr.
(r) (r) (r) (p)
Manufacturing and trade
industries 1,213.6 1,216.2 1,217.4 1,219.0
Manufacturing 440.9 441.5 442.9 442.4
Durable goods 263.5 264.3 265.4 265.4
Wood products 9.9 9.9 9.9 9.9
Nonmetallic mineral
products 9.1 9.2 9.1 9.1
Primary metals 18.2 18.5 18.9 19.1
Fabricated metal products 30.8 31.1 31.3 31.6
Machinery 34.7 34.8 34.8 34.9
Computer and electronic
products 57.6 57.2 56.9 56.6
Electrical equipment,
appliances, and
components 11.7 11.7 11.7 11.8
Transportation equipment 66.3 66.9 67.5 67.0
Furniture and related
products 7.4 7.4 7.4 7.4
Miscellaneous
manufacturing 17.7 17.6 17.4 17.4
Nondurable goods 177.4 177.2 177.6 177.0
Food products 32.1 32.2 32.1 32.3
Beverage and tobacco
products 12.1 11.9 12.0 12.0
Textile mills 5.0 5.0 4.9 4.8
Textile product mills 5.2 5.2 5.2 5.1
Apparel 7.1 7.2 7.2 7.2
Leather and allied
products 1.6 1.5 1.5 1.5
Paper products 16.0 16.1 16.1 16.1
Printing and related
support activities 6.3 6.4 6.4 6.3
Petroleum and coal
products 17.7 17.7 18.0 18.1
Chemical products 53.8 53.5 53.5 52.8
Plastics and rubber
products 20.8 20.6 20.8 20.8
Merchant wholesale trade 321.0 322.3 323.0 324.9
Durable goods 196.1 197.1 197.4 198.2
Nondurable goods 125.0 125.3 125.7 126.8
Retail trade 451.5 452.1 451.2 451.4
Motor vehicle and parts
dealers 153.4 153.2 152.2 152.4
Furniture and home
furnishings and
electronics and appliance
stores 31.9 31.8 31.9 32.0
Building material and
garden equipment and
supplies stores 51.3 51.2 51.0 50.5
Food and beverage stores 33.5 33.4 33.3 33.3
Clothing and clothing
accessories stores 33.9 34.2 34.4 34.3
General merchandise stores 69.5 69.5 70.4 70.4
Other retail stores 78.3 79.0 78.4 78.7
(p) Preliminary.
(r) Revised.
NOTE. Estimates in this table are based on the North
American Industry Classification System (NAICS).
Chained (2000) dollar inventory series are calculated to
ensure that the chained (2000) dollar change in inventories
for 2000 equals the current-dollar change in inventories for
2000 and that the average of the 1999 and 2000 end-of-year
chain-weighted and fixed-weighted inventories are equal.
Because the formula for the chain-type quantity indexes
uses weights of more than one period, the corresponding
chained-dollar estimates are usually not additive.
Table 2B. Real Manufacturing and Trade Sales, Seasonally
Adjusted at Monthly Rate
[Billions of chained (2000) dollars]
2004 2005 2004
IV I Nov. Dec.
Manufacturing and trade industries 937.5 944.6 933.5 947.3
Manufacturing 349.9 351.7 348.5 353.3
Durable goods 197.2 199.0 195.7 200.9
Wood products 8.2 8.2 8.1 8.5
Nonmetallic mineral products 7.3 7.4 7.4 7.5
Primary metals 11.4 11.4 11.4 11.7
Fabricated metal products 21.1 21.2 21.2 21.2
Machinery 24.5 24.6 23.7 25.1
Computer and electronic products 48.1 50.3 48.1 48.5
Electrical equipment,
appliances, and components 8.7 8.7 8.7 8.6
Transportation equipment 51.9 51.3 51.2 53.1
Furniture and related products 6.1 6.2 6.0 6.2
Miscellaneous manufacturing 11.1 11.4 11.0 11.6
Nondurable goods 153.0 153.1 153.0 152.9
Food products 36.7 36.8 36.6 36.6
Beverage and tobacco products 8.3 8.0 8.3 8.3
Textile mills 3.5 3.5 3.4 3.5
Textile product mills 3.0 3.1 3.0 3.0
Apparel 4.7 4.4 4.8 4.7
Leather and allied products 0.8 0.9 0.8 0.7
Paper products 14.1 14.4 14.2 14.2
Printing and related support
activities 7.6 7.7 7.6 7.7
Petroleum and coal products 20.6 21.4 20.3 20.9
Chemical products 37.7 36.9 38.1 37.3
Plastics and rubber products 16.2 16.0 16.3 16.3
Merchant wholesale trade 262.5 264.5 261.4 266.1
Durable goods 138.8 140.0 138.3 141.7
Nondurable goods 124.4 125.2 123.8 125.2
Retail trade 327.5 330.8 325.8 330.7
Motor vehicle and parts dealers 86.7 85.8 84.9 88.3
Furniture and home furnishings and
electronics and appliance stores 24.8 25.6 24.7 25.0
Building material and garden
equipment and supplies stores 31.7 31.9 31.7 32.1
Food and beverage stores 41.8 42.2 41.8 41.8
Clothing and clothing accessories
stores 18.2 18.6 18.1 18.2
General merchandise stores 46.8 47.6 46.7 47.3
Other retail stores 78.7 80.3 79.0 79.1
2005
Jan. Feb. Mar. Apr.
(r) (r) (r) (p)
Manufacturing and trade industries 950.7 941.9 941.1 949.5
Manufacturing 355.8 348.6 350.8 352.3
Durable goods 201.5 197.4 198.1 201.0
Wood products 8.2 8.2 8.2 8.2
Nonmetallic mineral products 7.3 7.4 7.5 7.5
Primary metals 11.6 11.3 11.4 11.3
Fabricated metal products 21.3 21.0 21.2 21.6
Machinery 25.4 24.5 23.8 24.2
Computer and electronic products 50.5 49.7 50.6 50.7
Electrical equipment,
appliances, and components 8.9 8.7 8.5 8.6
Transportation equipment 52.1 50.8 50.9 52.6
Furniture and related products 6.2 6.2 6.2 6.3
Miscellaneous manufacturing 11.5 11.2 11.3 11.4
Nondurable goods 154.7 151.5 153.0 151.9
Food products 37.3 36.7 36.3 36.1
Beverage and tobacco products 8.0 7.9 8.0 8.2
Textile mills 3.5 3.5 3.4 3.5
Textile product mills 3.2 3.1 3.1 3.1
Apparel 4.6 4.5 4.3 4.4
Leather and allied products 0.9 0.9 0.9 0.9
Paper products 14.5 14.3 14.4 14.4
Printing and related support
activities 7.7 7.6 7.7 7.7
Petroleum and coal products 21.7 20.5 22.2 20.9
Chemical products 37.3 36.8 36.7 37.1
Plastics and rubber products 16.2 16.0 15.8 16.0
Merchant wholesale trade 267.1 264.4 262.0 265.8
Durable goods 140.9 139.6 139.5 141.5
Nondurable goods 126.9 125.4 123.3 125.1
Retail trade 330.4 331.3 330.7 334.0
Motor vehicle and parts dealers 85.5 85.8 86.2 87.8
Furniture and home furnishings and
electronics and appliance stores 25.3 25.8 25.8 25.9
Building material and garden
equipment and supplies stores 32.1 31.5 32.1 32.5
Food and beverage stores 42.1 42.3 42.2 42.3
Clothing and clothing accessories
stores 18.6 18.9 18.4 19.1
General merchandise stores 47.6 47.9 47.4 48.0
Other retail stores 80.6 80.4 80.0 79.9
(p) Preliminary.
(r) Revised.
NOTE. Estimates in this table are based on the North
American Industry Classification System (NAICS).
Chained (2000) dollar sales are calculated as the product
of the chain-type quantity index and the 2000 current-dollar
value of the corresponding series, divided by 100. Because
the formula for the chain-type quantity indexes uses weights
of more than one period, the corresponding chained-dollar
estimates are usually not additive.
Table 3B. Real Inventory-Sales Ratios for Manufacturing and Trade,
Seasonally Adjusted
[Ratio, based on chained (2000) dollars]
2004 2005 2004
IV I Nov. Dec.
Manufacturing and trade industries 1.28 1.29 1.29 1.27
Manufacturing 1.25 1.26 1.26 1.23
Durable goods 1.32 1.33 1.33 1.30
Wood products 1.17 1.21 1.18 1.12
Nonmetallic mineral products 1.24 1.24 1.23 1.21
Primary metals 1.55 1.66 1.54 1.52
Fabricated metal products 1.45 1.48 1.44 1.44
Machinery 1.40 1.42 1.44 1.36
Computer and electronic products 1.19 1.13 1.19 1.18
Electrical equipment,
appliances, and components 1.34 1.35 1.34 1.35
Transportation equipment 1.26 1.32 1.30 1.24
Furniture and related products 1.22 1.19 1.22 1.19
Miscellaneous manufacturing 1.59 1.53 1.61 1.53
Nondurable goods 1.15 1.16 1.15 1.15
Food products 0.88 0.87 0.88 0.88
Beverage and tobacco products 1.43 1.51 1.46 1.44
Textile mills 1.46 1.41 1.47 1.44
Textile product mills 1.69 1.68 1.70 1.68
Apparel 1.49 1.62 1.48 1.51
Leather and allied products 1.92 1.71 1.81 2.10
Paper products 1.12 1.12 1.12 1.12
Printing and related support
activities 0.86 0.84 0.86 0.85
Petroleum and coal products 0.81 0.84 0.87 0.79
Chemical products 1.43 1.45 1.40 1.45
Plastics and rubber products 1.27 1.30 1.25 1.26
Merchant wholesale trade 1.21 1.22 1.22 1.20
Durable goods 1.40 1.41 1.40 1.37
Nondurable goods 1.00 1.00 1.00 0.99
Retail trade 1.37 1.36 1.38 1.36
Motor vehicle and parts dealers 1.75 1.77 1.84 1.72
Furniture and home furnishings and
electronics and appliance stores 1.29 1.25 1.26 1.28
Building material and garden
equipment and supplies stores 1.59 1.60 1.56 1.57
Food and beverage stores 0.80 0.79 0.80 0.80
Clothing and clothing accessories
stores 1.84 1.85 1.84 1.84
General merchandise stores 1.48 1.48 1.47 1.46
Other retail stores 1.00 0.98 0.99 0.99
2005
Jan. Feb. Mar. Apr.
(r) (r) (r) (p)
Manufacturing and trade industries 1.28 1.29 1.29 1.28
Manufacturing 1.24 1.27 1.26 1.26
Durable goods 1.31 1.34 1.34 1.32
Wood products 1.20 1.20 1.22 1.20
Nonmetallic mineral products 1.25 1.25 1.22 1.22
Primary metals 1.57 1.64 1.67 1.69
Fabricated metal products 1.45 1.48 1.48 1.46
Machinery 1.37 1.42 1.46 1.44
Computer and electronic products 1.14 1.15 1.12 1.12
Electrical equipment,
appliances, and components 1.32 1.34 1.38 1.37
Transportation equipment 1.27 1.32 1.33 1.27
Furniture and related products 1.20 1.19 1.18 1.16
Miscellaneous manufacturing 1.53 1.57 1.54 1.53
Nondurable goods 1.15 1.17 1.16 1.17
Food products 0.86 0.88 0.89 0.89
Beverage and tobacco products 1.51 1.51 1.50 1.47
Textile mills 1.42 1.41 1.44 1.40
Textile product mills 1.65 1.68 1.71 1.67
Apparel 1.55 1.61 1.67 1.66
Leather and allied products 1.75 1.72 1.74 1.76
Paper products 1.11 1.13 1.12 1.12
Printing and related support
activities 0.82 0.84 0.83 0.83
Petroleum and coal products 0.82 0.87 0.81 0.87
Chemical products 1.44 1.45 1.46 1.42
Plastics and rubber products 1.29 1.30 1.32 1.30
Merchant wholesale trade 1.20 1.22 1.23 1.22
Durable goods 1.39 1.41 1.42 1.40
Nondurable goods 0.99 1.00 1.02 1.01
Retail trade 1.37 1.37 1.37 1.35
Motor vehicle and parts dealers 1.80 1.79 1.77 1.74
Furniture and home furnishings and
electronics and appliance stores 1.26 1.23 1.24 1.24
Building material and garden
equipment and supplies stores 1.60 1.63 1.59 1.55
Food and beverage stores 0.80 0.79 0.79 0.79
Clothing and clothing accessories
stores 1.83 1.81 1.87 1.80
General merchandise stores 1.46 1.45 1.49 1.47
Other retail stores 0.97 0.98 0.98 0.99
(p) Preliminary.
(r) Revised.
NOTE. Estimates in this table are based on the North
American Industry Classification System (NAICS).
Table 4B. Real Manufacturing Inventories, by Stage of
Fabrication, Seasonally Adjusted, End of Period
[Billions of chained (2000) dollars]
2004 2005 2004
IV I Nov. Dec.
Materials and supplies
Manufacturing 143.9 145.3 145.0 143.9
Durable goods 85.8 86.9 86.3 85.8
Wood products 3.7 3.9 3.8 3.7
Nonmetallic mineral products 3.1 3.1 3.1 3.1
Primary metals 6.7 7.1 6.6 6.7
Fabricated metal products 11.9 12.3 11.9 11.9
Machinery 10.3 10.4 10.2 10.3
Computer and electronic products 19.0 18.6 19.2 19.0
Electrical equipment,
appliances, and components 4.5 4.6 4.5 4.5
Transportation equipment 16.8 17.3 17.2 16.8
Furniture and related products 3.3 3.2 3.3 3.3
Miscellaneous manufacturing 6.0 5.9 6.1 6.0
Nondurable goods 58.1 58.4 58.7 58.1
Food products 8.4 8.2 8.5 8.4
Beverage and tobacco products 5.6 5.6 5.9 5.6
Textile mills 1.6 1.6 1.6 1.6
Textile product mills 1.7 1.7 1.7 1.7
Apparel 1.8 1.7 1.8 1.8
Leather and allied products 0.4 0.4 0.4 0.4
Paper products 7.0 7.1 7.1 7.0
Printing and related support
activities 2.4 2.3 2.3 2.4
Petroleum and coal products 5.2 5.6 5.4 5.2
Chemical products 16.7 16.7 16.8 16.7
Plastics and rubber products 7.4 7.6 7.3 7.4
Work-in-process
Manufacturing 122.9 124.2 123.5 122.9
Durable goods 94.2 95.4 94.6 94.2
Wood products 1.9 2.0 1.9 1.9
Nonmetallic mineral products 1.1 1.0 1.1 1.1
Primary metals 5.5 5.7 5.5 5.5
Fabricated metal products 8.3 8.5 8.3 8.3
Machinery 11.6 11.9 11.8 11.6
Computer and electronic products 21.5 21.3 21.8 21.5
Electrical equipment,
appliances, and components 4.1 4.1 4.1 4.1
Transportation equipment 35.4 35.8 35.4 35.4
Furniture and related products 1.3 1.3 1.3 1.3
Miscellaneous manufacturing 3.9 3.8 3.8 3.9
Nondurable goods 28.8 29.0 29.0 28.8
Food products 5.1 5.2 5.1 5.1
Beverage and tobacco products 2.7 2.7 2.6 2.7
Textile mills 1.1 1.1 1.2 1.1
Textile product mills 0.7 0.7 0.7 0.7
Apparel 1.0 0.9 1.0 1.0
Leather and allied products 0.2 0.2 0.2 0.2
Paper products 1.5 1.6 1.5 1.5
Printing and related support
activities 1.1 1.0 1.1 1.1
Petroleum and coal products 3.3 3.6 3.6 3.3
Chemical products 10.0 9.8 9.8 10.0
Plastics and rubber products 2.3 2.3 2.3 2.3
Finished goods
Manufacturing 169.3 173.4 169.2 169.3
Durable goods 80.4 83.0 80.1 80.4
Wood products 3.9 4.1 3.9 3.9
Nonmetallic mineral products 4.9 5.0 4.9 4.9
Primary metals 5.6 6.1 5.5 5.6
Fabricated metal products 10.3 10.5 10.2 10.3
Machinery 12.3 12.5 12.0 12.3
Computer and electronic products 16.7 17.2 16.4 16.7
Electrical equipment,
appliances, and components 2.9 3.0 3.0 2.9
Transportation equipment 13.5 14.4 13.8 13.5
Furniture and related products 2.8 2.8 2.7 2.8
Miscellaneous manufacturing 7.8 7.7 7.9 7.8
Nondurable goods 88.8 90.2 88.9 88.8
Food products 18.7 18.8 18.6 18.7
Beverage and tobacco products 3.6 3.7 3.6 3.6
Textile mills 2.3 2.2 2.3 2.3
Textile product mills 2.7 2.8 2.7 2.7
Apparel 4.4 4.5 4.4 4.4
Leather and allied products 0.9 0.9 0.8 0.9
Paper products 7.4 7.5 7.3 7.4
Printing and related support
activities 3.1 3.1 3.1 3.1
Petroleum and coal products 8.1 8.9 8.6 8.1
Chemical products 27.1 27.1 26.8 27.1
Plastics and rubber products 10.9 11.0 10.8 10.9
2005
Jan. Feb. Mar. Apr.
(r) (r) (r) (p)
Materials and supplies
Manufacturing 145.2 144.5 145.3 145.2
Durable goods 86.9 86.4 86.9 87.2
Wood products 3.8 3.9 3.9 3.9
Nonmetallic mineral products 3.1 3.1 3.1 3.1
Primary metals 6.8 6.9 7.1 7.2
Fabricated metal products 12.0 12.2 12.3 12.3
Machinery 10.4 10.4 10.4 10.5
Computer and electronic products 19.2 18.8 18.6 18.5
Electrical equipment,
appliances, and components 4.5 4.5 4.6 4.6
Transportation equipment 17.3 16.9 17.3 17.3
Furniture and related products 3.2 3.2 3.2 3.1
Miscellaneous manufacturing 6.0 5.9 5.9 5.9
Nondurable goods 58.3 58.1 58.4 58.0
Food products 8.2 8.2 8.2 8.1
Beverage and tobacco products 5.7 5.6 5.6 5.7
Textile mills 1.6 1.6 1.6 1.6
Textile product mills 1.7 1.7 1.7 1.7
Apparel 1.8 1.8 1.7 1.7
Leather and allied products 0.4 0.4 0.4 0.4
Paper products 7.1 7.1 7.1 7.1
Printing and related support
activities 2.2 2.2 2.3 2.3
Petroleum and coal products 5.4 5.4 5.6 5.5
Chemical products 16.6 16.8 16.7 16.7
Plastics and rubber products 7.6 7.5 7.6 7.5
Work-in-process
Manufacturing 123.2 124.4 124.2 122.6
Durable goods 94.8 95.7 95.4 94.5
Wood products 1.9 1.9 2.0 1.9
Nonmetallic mineral products 1.1 1.1 1.0 1.0
Primary metals 5.7 5.7 5.7 5.8
Fabricated metal products 8.4 8.4 8.5 8.6
Machinery 12.0 12.0 11.9 11.9
Computer and electronic products 21.4 21.4 21.3 20.9
Electrical equipment,
appliances, and components 4.2 4.1 4.1 4.1
Transportation equipment 35.3 35.9 35.8 35.2
Furniture and related products 1.3 1.4 1.3 1.4
Miscellaneous manufacturing 3.8 4.0 3.8 3.8
Nondurable goods 28.5 28.8 29.0 28.3
Food products 5.1 5.3 5.2 5.2
Beverage and tobacco products 2.7 2.6 2.7 2.6
Textile mills 1.1 1.1 1.1 1.1
Textile product mills 0.7 0.7 0.7 0.7
Apparel 0.9 0.9 0.9 0.9
Leather and allied products 0.2 0.2 0.2 0.2
Paper products 1.5 1.5 1.6 1.5
Printing and related support
activities 1.0 1.1 1.0 1.0
Petroleum and coal products 3.4 3.5 3.6 3.4
Chemical products 9.7 9.7 9.8 9.5
Plastics and rubber products 2.3 2.3 2.3 2.2
Finished goods
Manufacturing 172.5 172.7 173.4 174.5
Durable goods 81.7 82.2 83.0 83.6
Wood products 4.1 4.1 4.1 4.0
Nonmetallic mineral products 4.9 5.0 5.0 5.0
Primary metals 5.7 5.8 6.1 6.2
Fabricated metal products 10.4 10.4 10.5 10.6
Machinery 12.3 12.4 12.5 12.5
Computer and electronic products 17.2 17.1 17.2 17.4
Electrical equipment,
appliances, and components 3.0 3.0 3.0 3.1
Transportation equipment 13.7 14.1 14.4 14.5
Furniture and related products 2.8 2.8 2.8 2.9
Miscellaneous manufacturing 7.9 7.7 7.7 7.8
Nondurable goods 90.6 90.3 90.2 90.8
Food products 18.8 18.8 18.8 19.1
Beverage and tobacco products 3.7 3.7 3.7 3.7
Textile mills 2.2 2.2 2.2 2.2
Textile product mills 2.8 2.8 2.8 2.7
Apparel 4.5 4.5 4.5 4.6
Leather and allied products 0.9 0.9 0.9 0.9
Paper products 7.5 7.5 7.5 7.5
Printing and related support
activities 3.1 3.1 3.1 3.1
Petroleum and coal products 8.9 8.9 8.9 9.2
Chemical products 27.4 27.0 27.1 26.7
Plastics and rubber products 10.9 11.0 11.0 11.1
(p) Preliminary.
(r) Revised.
NOTE. Estimates in this table are based on the North
American Industry Classification System (NAICS).
Chained (2000) dollar inventory series are calculated to
ensure that the chained (2000) dollar change in inventories
for 2000 equals the current-dollar change in inventories
for 2000 and that the average of the 1999 and 2000
end-of-year chain-weighted and fixed-weighted inventories
are equal. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive.
COPYRIGHT 2005 U.S. Government Printing Office
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