Full text of Bureau of Economic Analysis (BEA) News Releases : Manufacturing and Trade Inventories and Sales - November 1974, BEA 75-03

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I^ IT E D

S TA TE S

D E P A R T M E N T

O F
So c i a l a n d Ec o n o m i c

COM M ERCE

St a t i s t i c s A d m i n i s t r a t i o n
B U R EA U

OF

EC O N O M I C A N A L Y SI S
W A SH I N G T O N , D . C .

WEDNESDAY,

F OR REL EASE 1 0 : 0 0 A. M.
Ge r a l d F.

Do n a h o e :

20230

J ANUARY 15,

1975
BEA 7 5 - 0 3

523- 0787

MANUFACTURING AND TRADE INVENTORIES AND SALES - NOVEMBER 1 9 7 4
Ma n u f a c t u r i n g a n d t r a d e i n v e n t o r i e s
No v e mb e r ,

$3. 1 bi l l i on

c o mp a r e d wi t h $ 6 . 0 b i l l i o n i n Oc t o b e r

a c c o r d i n g t o t h e Bu r e a u o f
Co mme r c e De p a r t me n t ' s
t i on.

r os e

I nv ent or i es

$ 9 2 8 mi l l i o n

at

Ec o n o mi c

So c i a l

r os e

r et ai l ,

An a l y s i s ,

a n d Ec o n o mi c

$2. 0 b i l l i o n at

( r ev i s ed) ,

an ag enc y of

St a t i s t i c s

t he

Ad mi n i s t r a ­

t h e ma n u f a c t u r i n g

a n d $ 2 0 5 mi l l i o n a t

i n

l ev el ,

wh o l e s a l e .

Combined business sales decreased 1 . 6 percent in November.
Sa l e s d e c r e a s e d 2 . 1 p e r c e n t a t t h e ma n u f a c t u r i n g l e v e l a n d 2. 9
p e r c e n t at r et ai l .
Me r c h a n t wh o l e s a l e r s '
s al es r os e 0. 9 p e r c en t .
The combined business stock-to-sales ratio at the end of the
month was 1 . 5 9 for November, compared with 1 . 5 4 for October.
It
was 1 . 4 4 for November 1 9 7 3 .
al

Al l f i g u r e s
v ar i at i on but

i n t he t ex t of t hi s r e po r t
not f or pr i c e c hange.

ar e adj us t ed f or

s eas on­

Re t a i l e r s '
i n v e n t o r i e s o f d u r a b l e g o o d s i n c r e a s e d $ 9 8 6 mi l l i o n
i n No v e mb e r , c o mp a r e d wi t h $ 2 . 0 b i l l i o n i n Oc t o b e r .
A $1. 0 bi l l i o n
i n c r e a s e i n a u t o mo t i v e i n v e n t o r i e s o u t we i g h e d s ma l l d e c l i n e s i n t h e
f ur ni t ur e- appl i anc e and ot her dur abl es gr oups .
No n d u r a b l e s i n v e n ­
t o r i e s d e c r e a s e d $ 5 8 mi l l i o n , c o mp a r e d wi t h a n i n c r e a s e o f $ 7 2 5
mi l l i o n i n Oc t o b e r .
De c r e a s e s i n a p p a r e l a n d g e n e r a l me r c h a n d i s e
o t h e r t h a n d e p a r t me n t s t o r e s o u t we i g h e d i n c r e a s e s i n t h e r e ma i n i n g
n o nd ur ab l e s l i nes .

-more-

-

Me r c h a n t wh o l e s a l e r s 1
mi l l i o n i n No v e mb e r , c o mp a r
$ 6 2 2 mi l l i o n .
No n d u r a b l e s
c o mp a r e d wi t h a r e v i s e d Oc t

2

-

i nv ent
e d wi t
i nv ent
ober i

or i e s of dur a bl es r os e $470
h a r e v i s e d Oc t o b e r i n c r e a s e of
o r i e s d e c r e a s e d $ 2 6 5 mi l l i o n ,
n c r e a s e o f $ 5 2 0 mi l l i o n .

Ma n u f a c t u r e r s '
dur abl e goods i nv ent or i es r os e $1. 0 b i l l i o n i n
No v e mb e r , c o mp a r e d wi t h a r e v i s e d Oc t o b e r i n c r e a s e o f $ 1 . 5 b i l l i o n .
Th e n o n d u r a b l e s a c c u mu l a t i o n a mo u n t e d t o $ 9 5 4 mi l l i o n , c o mp a r e d
wi t h a r e v i s e d Oc t o b e r i n c r e a s e o f $ 5 9 1 mi l l i o n .
Re t a i l s a l e s o f d u r a b l e s d e c r e a s e d 4 . 3 p e r c e n t i n No v e mb e r ,
c o mp a r e d wi t h a d e c l i n e o f 5 . 4 p e r c e n t i n Oc t o b e r .
No n d u r a b l e s
s a l e s d e c r e a s e d 2 . 2 p e r c e n t , c o mp a r e d wi t h a n i n c r e a s e o f 1 . 3
p e r c e n t i n Oc t o b e r .
Me r c h a n t wh o l e s a l e r s '
s a l e s of d u r a b l e s d e c r e a s e d 3. 0 p e r c e n t
i n No v e mb e r , c o mp a r e d wi t h a r e v i s e d Oc t o b e r d e c l i n e o f 2. 5 p e r c e n t .
No n d u r a b l e s s a l e s r o s e 4 . 2 p e r c e n t , c o mp a r e d wi t h a r e v i s e d
Oc t o b e r d e c l i n e o f 2 . 6 p e r c e n t .
Ma n u f a c t u r e r s '
s al es of dur a bl es d e c r e a s e d 4. 0 p e r c e n t i n
No v e mb e r , c o mp a r e d wi t h a r e v i s e d Oc t o b e r i n c r e a s e o f 3 . 4 p e r c e n t .
No n d u r a b l e s s a l e s s h o we d n o c h a n g e i n No v e mb e r , c o mp a r e d wi t h a
r e v i s e d Oc t o b e r i n c r e a s e o f 1 . 5 p e r c e n t .
Ma n u f a c t u r e r s '
n e w o r d e r s d e c r e a s e d 2. 0 p e r c e n t
c o mp a r e d wi t h a d e c r e a s e o f 0 . 9 p e r c e n t i n Oc t o b e r .
c r e a s e d 3. 8 p e r c e n t f or d u r a b l e s a n d 0. 1 p e r c e n t f o r

i n No v e mb e r ,
Or d e r s d e ­
nondur abl es .

Un f i l l e d o r d e r s d e c r e a s e d $ 1 . 6 b i l l i o n , t o $ 1 3 7 b i l l i o n i n
No v e mb e r .
Th e u n f i l l e d o r d e r s - t o - s a l e s r a t i o wa s 2 . 8 0 a t t h e e n d
o f No v e mb e r , c o mp a r e d wi t h 2 . 7 6 f o r Oc t o b e r a n d 2 . 5 5 f o r No v e mb e r
1973.
Ad d i t i o n a l d a t a a p p e a r i n t h e s t a t i s t i c a l p a g e s o f t h e Su r v e y
o f Cu r r e n t Bu s i n e s s , a mo n t h l y ma g a z i n e o f t h e Bu r e a u o f Ec o n o mi c
An a l y s i s .
Th e Su r v e y i s a v a i l a b l e f r o m Di s t r i c t Of
me n t o f Co mme r c e , o r f r o m t h e Su p e r i n t e n d e n t
Go v e r n me n t Pr i n t i n g Of f i c e , Wa s h i n g t o n , D. C.
s u b s c r i p t i o n p r i c e o f $ 4 8 . 3 0 , i n c l u d i n g we e k l
De t a i l s
t abl e.

of

s al es

and i nv ent or i es

- mo r e -

f i c e s o f t h e De p a r t ­
o f Do c u me n t s , U. S.
20402, at an a n n u a l
y s u p p l e me n t s .

a r e g i v e n i n t h e f o l l o wi n g

TABL E 1 . — TOTAL MABMJ ACTURI NG AMD TRADE
( Mi l l i o n s ^ ®: d o l l ar s )

1973
Nov .
SALES
T OT AL . . . . . . . . . . . . . . . . . . . . .
Ma n u f a c t u r i n g . . . . . . . .
Du r a b l e . . . . . . . . . . . . .
No n d u r a b l e . . . . . . . . . . .
Re t a i l . . . . . . . . . . . . . . . . . .
.
Du r a b l e . . . . . . . . . .
No n d u r a b l e . . . . . . . . . . .
Me r c h a n t wh o l e s a l e r s . .
Du r a b l e . . . . . . . . . . . . . .
No n d u r a b l e . . . . . . . . . . . .
I NVENTORI ES
T OT AL . . . . . . . . . . . . . . . . . . . . .
Ma n u f a c t u r i n g . . . . . . . . .
Du r a b l e . . . . . . . . . . . . . .
No n d u r a b l e . . . . . . . . . . .
Re t a i l . . . . . . . . . . . . . . . . . .
Du r a b l e . . . . . . . . . . . . . .
No n d u r a b l e . . . . . . . . . . .
Me r c h a n t wh o l e s a l e r s . .
Du r a b l e . . . . . . . . . . . . . .
No n d u r a b l e . . . . . . . . . . .

Un a d j u s t e d _______
1974
Oc t . r
No v . P

Se a s o n a l l y a d j u s t e d
1974
No v . P
Se p t .
Oc t . r

153,
75,
40,
35,
44,
14,
30,
33,
15,
18,

920
505
474
031
552
104
4 48
8 63
020
843

176, 582
89, 892
47, 165
42, 727
46, 758
14, 501
32, 257
39, 932
18, 288
21, 644

169, 447
85, 224
43 , 8 12
41 , 4 12
46, 371
13 , 167
33, 204
37, 852
16, 234
21 , 6 18

170, 862
85, 937
45, 016
40, 921
46, 177
14, 419
31, 758
38, 748
17, 691
21, 057

171, 647
88, 093
46, 548
41, 545
45, 803
13, 645
32, 158
37, 751
17, 245
20, 506

168, 826
86, 227
44, 676
41, 551
44, 490
13, 052
31, 438
38, 109
16, 734
21, 375

222 ,
1 17 ,
77,
40,
66,
29,
37,
38,
21,
16,

0 60
8 42
154
688
210
0 29
181
008
318
690

264,
144,
93,
50,
74,
32,
42,
45,
26,
19,

270,
146,
95,
51 ,
77 ,
33 ,
43,
46,
26,
19 ,

258,
142,
93,
49,
71,
31,
39,
44,
26,
18,

264,
145,
94,
50,
73,
33,
40,
45,
26,
18,

2 6 7,
147,
95,
51,
74,
34,
40,
45,
27,
18,

70 9
026
690
336
836
376
460
847
1 79
668

74,
34,
18,
5,
4,
40,
5,
7,
17,
10,

836
376
107
150
474
460
404
774
946
729

621
120
968
152
903
121
782
598
448
150

074
273
046
2 27
4 57
8 45
6 12
344
937
4 07

622
975
184
791
147
354
793
500
087
413

612
062
680
382
908
390
518
642
709
933

TABL E 2. — RETAI L I NVENTORI ES
( Mi l l i o n s of d o l l ar s )
KI ND OF BUSI NESS
T OT AL . . . . . . . . . . . . . . . . . . .
Du r a b l e . . . . . . . . . . . . . .
Au t o mo t i v e . . . . . . . . .
Fu r n i t u r e - a p p l i a n c e
L u mb e r - h a r d wa r e . . . .
No n d u r a b l e . . . . . . . . . . .
Ap p a r e l . . . . . . . . . . . .
Fo o d . . . . . . . . . . . . . . .
Ge n e r a l me r c h a n d i s e
De p a r t me n t s t o r e s
r
p

Revised
Preliminary

.
.
.
.
.
.
.
.
.
.

66,
29,
14,
4,
4,
37,
5,
6,
16,
9,

210
0 29
091
83 9
064
181
757
921
078
355

74,
32,
15,
5,
4,
42,
5,
7,
19,
11,

903
121
769
273
349
782
912
737
786
725

77,
33,
17,
5,
4,
43 ,
5,
8,
19,
12 ,

457
845
301
335
371
6 12
956
09 7
9 00
0 35

71, 147
31, 354
15, 264
5 , 14 0
4, 594
39, 793
5, 394
7 , 46 6
17, 924
10, 454

73,
33,
17,
5,
4,
40,
5,
7,
18,
10,

908
390
097
174
437
518
478
60 2
223
716

Fi r s t
1973

1 1 mo n t h s
1974

1, 576, 041
783, 395
426, 233
357, 162
461, 600
157, 198
304, 402
331, 046
153, 023
178, 023

1, 807, 855
902, 933
472, 444
430, 489
493, 590
154, 251
339, 339
411, 332
186, 115
225, 217

Lo o k Ah e a d
Wit h

AREA ECONOMIC
PROJECTIONS 1990
• St at es and Regions
• BEA Economic Areas
• SM SA 's
• Non -SMSA Portions of BEA
Economic Areas

Prepared by the
U.S. DEPART MENT OF COMMERCE
Social and Economic St at ist ics Administration
Bureau of Economic Analysis
A v a ila b le fr o m th e S u p e r in t e n d e n t o f D o c u m e n ts ,
U .S . G o v e r n m e n t P r in tin g O ff ic e , W a s h in g t o n , D .C . 2 0 4 0 2
P ric e $ 3 .0 5 . M a k e c h e c k p a y a b le to th e S u p e r in t e n d e n t o f D o c u m e n ts .
O r d e r b y S to c k N urn b e r 0 3 2 4 -0 0 4 9 0 .