[Economic Report of the President (1996)]
[Administration of William J. Clinton]
[Online through the Government Publishing Office, www.gpo.gov]

[DOCID: f:erp_b18._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]


Table B-18.--Inventories and final sales of domestic business, 1959-95
[Billions of dollars, except as noted; seasonally adjusted]
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Inventories\1\                                                    Ratio of
------------------------------------------------------------------------------    Final       inventories  to
Nonfarm                            sales of      final sales of
Quarter                                      ---------------------------------------------------------   domestic  --domestic business-
Total\2\    Farm                              Wholesale   Retail             business\3\
Total\2\  Manufacturing     trade     trade     Other                  Total     Nonfarm
--------------------------------------------------------------------------------------------------------------------------------------------------------
Fourth quarter:
1959..................................      131.0      32.1       98.9        51.6         18.3       20.0       9.0        36.5        3.59      2.71

1960..................................      134.7      32.9      101.8        52.8         18.6       21.4       8.9        37.7        3.57      2.70
1961..................................      138.0      34.6      103.4        54.3         19.1       20.9       9.2        39.5        3.49      2.62
1962..................................      145.8      36.8      109.0        57.6         19.9       22.3       9.2        41.8        3.48      2.61
1963..................................      148.3      33.9      114.4        59.6         21.3       23.6       9.8        44.5        3.33      2.57
1964..................................      154.0      32.5      121.4        63.2         22.7       24.9      10.6        47.4        3.25      2.56

1965..................................      168.8      37.0      131.9        68.2         24.3       27.7      11.7        52.5        3.22      2.51
1966..................................      186.2      37.5      148.6        78.3         27.7       30.1      12.5        55.6        3.35      2.67
1967..................................      198.4      37.0      161.4        85.2         29.9       31.1      15.3        59.2        3.35      2.73
1968..................................      214.1      40.3      173.8        91.4         31.7       34.4      16.3        65.1        3.29      2.67
1969..................................      233.7      43.8      189.9        99.0         35.2       37.7      18.1        69.1        3.38      2.75

1970..................................      242.0      42.3      199.7       102.8         39.0       38.7      19.3        72.9        3.32      2.74
1971..................................      261.2      49.7      211.5       103.5         42.1       44.9      20.9        79.4        3.29      2.66
1972..................................      289.7      60.9      228.8       109.4         46.0       50.0      23.4        88.5        3.28      2.59
1973..................................      345.8      78.1      267.8       125.1         54.8       58.7      29.2        97.5        3.55      2.75
1974..................................      398.6      68.4      330.3       158.2         69.8       64.2      38.0       105.4        3.78      3.13

1975..................................      410.6      72.3      338.4       164.5         69.3       64.7      39.8       118.0        3.48      2.87
1976..................................      443.4      68.3      375.1       181.1         77.2       73.3      43.5       129.7        3.42      2.89
1977..................................      494.2      73.3      421.0       202.8         86.6       81.2      50.4       145.0        3.41      2.90
1978..................................      581.9      97.9      484.0       228.4        101.9       94.5      59.1       167.6        3.47      2.89
1979..................................      676.8     114.9      561.9       268.7        120.5      105.3      67.5       186.4        3.63      3.01

1980..................................      737.5     114.7      622.8       296.5        138.5      113.7      74.0       204.8        3.60      3.04
1981..................................      783.1     104.9      678.2       318.1        151.4      123.9      84.9       221.8        3.53      3.06
1982..................................      768.4     110.4      658.0       299.5        150.3      123.5      84.6       232.8        3.30      2.83
1983..................................      787.8     106.7      681.1       302.6        154.1      138.0      86.4       255.4        3.08      2.67
1984..................................      860.7     109.2      751.5       333.4        169.0      157.3      91.8       276.7        3.11      2.72

1985..................................      875.3     106.3      769.1       325.3        173.4      171.9      98.4       297.7        2.94      2.58
1986..................................      862.7      94.5      768.2       314.6        177.2      176.8      99.5       315.7        2.73      2.43
1987..................................      927.5      98.0      829.5       332.9        190.6      199.5     106.4       333.1        2.78      2.49
1988..................................      992.8     102.0      890.8       358.8        208.5      213.8     109.6       362.8        2.74      2.46
1989..................................    1,044.6     103.6      941.0       382.1        218.4      232.7     107.8       384.9        2.71      2.44

1990: I.................................    1,051.9     106.2      945.7       385.9        221.6      229.8     108.4       394.2        2.67      2.40
II................................    1,062.7     107.2      955.5       387.5        226.3      234.1     107.6       397.6        2.67      2.40
III...............................    1,087.1     109.1      977.9       401.0        230.9      237.3     108.7       401.0        2.71      2.44
IV................................    1,082.4     108.3      974.1       399.7        232.4      237.1     104.8       403.4        2.68      2.41

1991: I.................................    1,072.3     111.2      961.1       393.7        233.7      232.7     101.0       403.9        2.65      2.38
II................................    1,056.5     105.5      951.0       385.5        230.3      233.6     101.7       409.0        2.58      2.33
III...............................    1,053.0      99.0      954.1       383.5        231.3      237.5     101.7       411.0        2.56      2.32
IV................................    1,058.1      97.2      961.0       383.4        235.5      240.1     102.0       413.1        2.56      2.33

1992: I.................................    1,065.6     105.0      960.6       379.2        236.9      240.1     104.4       423.4        2.52      2.27
II................................    1,070.8     104.1      966.8       378.1        240.5      244.1     104.1       427.7        2.50      2.26
III...............................    1,076.3     104.8      971.5       380.1        242.0      246.4     103.0       432.8        2.49      2.24
IV................................    1,077.9     104.9      973.1       375.5        245.3      249.4     103.0       441.9        2.44      2.20

1993: I.................................    1,097.3     109.9      987.4       378.0        248.0      259.0     102.5       444.3        2.47      2.22
II................................    1,101.3     105.5      995.8       380.5        249.6      261.7     104.0       448.9        2.45      2.22
III...............................    1,103.4     101.7    1,001.7       380.1        252.8      263.3     105.5       453.4        2.43      2.21
IV................................    1,112.8     101.6    1,011.2       380.9        255.2      267.0     108.1       462.8        2.40      2.19

1994: I.................................    1,130.2     107.2    1,023.0       385.5        257.3      270.2     110.1       467.2        2.42      2.19
II................................    1,147.0     103.3    1,043.8       390.3        263.3      278.1     111.9       473.0        2.43      2.21
III...............................    1,167.4     102.5    1,064.9       397.7        270.7      283.4     113.1       481.9        2.42      2.21
IV................................    1,196.5     104.9    1,091.6       406.7        279.8      289.8     115.3       489.5        2.44      2.23

1995: I.................................    1,235.4     105.8    1,129.6       421.0        291.9      296.1     120.6       494.0        2.50      2.29
II................................    1,246.0     101.2    1,144.8       426.5        297.8      298.0     122.5       499.2        2.50      2.29
III...............................    1,250.6      99.3    1,151.4       429.3        299.7      299.9     122.4       507.2        2.47      2.27
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\1\ Inventories at end of quarter. Quarter-to-quarter change calculated from this table is not the current-dollar change in business inventories (CBI)
component of GDP. The former is the difference between two inventory stocks, each valued at their respective end-of-quarter prices. The latter is the
change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated from this table are at quarterly
rates, whereas CBI is stated at annual rates.
\2\ Inventories of construction establishments are included in ``other'' nonfarm inventories.
\3\ Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of households and
institutions and general government and includes a small amount of final sales by farms.

Note.--The industry classification of inventories is on an establishment basis. Estimates for nonfarm industries other than manufacturing and trade for
1986 and earlier periods are based on the 1972 Standard Industrial Classification (SIC). Manufacturing estimates for 1981 and earlier periods and
trade estimates for 1966 and earlier periods are based on the 1972 SIC; later estimates for these industries are based on the 1987 SIC. The resulting
discontinuities are small.

Source: Department of Commerce, Bureau of Economic Analysis.