[Economic Report of the President (1997)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]

[DOCID: f:erp_b55._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 105-002
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]



Table B-55.--Manufacturing and trade sales and inventories, 1954-96
[Amounts in millions of dollars; monthly data seasonally adjusted]
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Total manufacturing and            Manufac-  turing            Merchant  wholesalers              Retail  trade
trade             --------------------------------------------------------------------------------------------
Year or month        -------------------------------
Inven-             Sales\1\    Inven-   Ratio\3\  Sales\1\    Inven-   Ratio\3\  Sales\1\    Inven-   Ratio\3\
Sales\1\  tories\2\  Ratio\3\            tories\2\                      tories\2\                      tories\2\
--------------------------------------------------------------------------------------------------------------------------------------------------------
1954........................    46,443     73,175     1.60     23,355     41,612     1.81      8,993     10,637     1.18     14,095     20,926     1.51
1955........................    51,694     79,516     1.47     26,480     45,069     1.62      9,893     11,678     1.13     15,321     22,769     1.43
1956........................    54,063     87,304     1.55     27,740     50,642     1.73     10,513     13,260     1.19     15,811     23,402     1.47
1957........................    55,879     89,052     1.59     28,736     51,871     1.80     10,475     12,730     1.23     16,667     24,451     1.44
1958........................    54,201     87,055     1.61     27,248     50,203     1.84     10,257     12,739     1.24     16,696     24,113     1.44
1959........................    59,729     92,097     1.54     30,286     52,913     1.75     11,491     13,879     1.21     17,951     25,305     1.41

1960........................    60,827     94,719     1.56     30,878     53,786     1.74     11,656     14,120     1.21     18,294     26,813     1.47
1961........................    61,159     95,580     1.56     30,922     54,871     1.77     11,988     14,488     1.21     18,249     26,221     1.44
1962........................    65,662    101,049     1.54     33,358     58,172     1.74     12,674     14,936     1.18     19,630     27,941     1.42
1963........................    68,995    105,463     1.53     35,058     60,029     1.71     13,382     16,048     1.20     20,556     29,386     1.43
1964........................    73,682    111,504     1.51     37,331     63,410     1.70     14,529     17,000     1.17     21,823     31,094     1.42
1965........................    80,283    120,929     1.51     40,995     68,207     1.66     15,611     18,317     1.17     23,677     34,405     1.45
1966........................    87,187    136,824     1.57     44,870     77,986     1.74     16,987     20,765     1.22     25,330     38,073     1.50
1967........................    90,820    145,681     1.60     46,486     84,646     1.82     19,576     25,786     1.32     24,757     35,249     1.42
1968........................    98,685    156,611     1.59     50,229     90,560     1.80     21,012     27,166     1.29     27,445     38,885     1.42
1969........................   105,690    170,400     1.61     53,501     98,145     1.83     22,818     29,800     1.31     29,371     42,455     1.45

1970........................   108,221    178,594     1.65     52,805    101,599     1.92     24,167     33,354     1.38     31,249     43,641     1.40
1971........................   116,895    188,991     1.62     55,906    102,567     1.83     26,492     36,568     1.38     34,497     49,856     1.45
1972........................   131,081    203,227     1.55     63,027    108,121     1.72     29,866     40,297     1.35     38,189     54,809     1.44
1973........................   153,677    234,406     1.53     72,931    124,499     1.71     38,115     46,918     1.23     42,631     62,989     1.48
1974........................   177,912    287,144     1.61     84,790    157,625     1.86     47,982     58,667     1.22     45,141     70,852     1.57
1975........................   182,198    288,992     1.59     86,589    159,708     1.84     46,634     57,774     1.24     48,975     71,510     1.46
1976........................   204,150    318,345     1.56     98,797    174,636     1.77     50,698     64,622     1.27     54,655     79,087     1.45
1977........................   229,513    350,706     1.53    113,201    188,378     1.66     56,136     73,179     1.30     60,176     89,149     1.48
1978........................   260,320    400,931     1.54    126,905    211,691     1.67     66,413     86,934     1.31     67,002    102,306     1.53
1979........................   297,701    452,640     1.52    143,936    242,157     1.68     79,051     99,679     1.26     74,713    110,804     1.48

1980........................   327,233    508,924     1.56    154,391    265,215     1.72     93,099    122,631     1.32     79,743    121,078     1.52
1981........................   355,822    545,786     1.53    168,129    283,413     1.69    101,180    129,654     1.28     86,514    132,719     1.53
1982........................   347,625    573,908     1.67    163,351    311,852     1.95     95,211    127,428     1.36     89,062    134,628     1.49
1983........................   369,286    590,287     1.56    172,547    312,379     1.78     99,225    130,075     1.28     97,514    147,833     1.44
1984........................   410,124    649,780     1.53    190,682    339,516     1.73    112,199    142,452     1.23    107,243    167,812     1.49
1985........................   422,583    664,039     1.56    194,538    334,749     1.73    113,459    147,409     1.28    114,586    181,881     1.52
1986........................   430,419    662,738     1.55    194,657    322,654     1.68    114,960    153,574     1.32    120,803    186,510     1.56
1987........................   457,735    709,846     1.50    206,326    338,107     1.59    122,968    163,903     1.29    128,442    207,836     1.55
1988........................   497,157    767,226     1.49    224,619    369,378     1.58    134,521    178,801     1.30    138,017    219,047     1.54
1989........................   527,039    815,486     1.52    236,698    391,243     1.63    143,760    187,009     1.28    146,581    237,234     1.58

1990........................   545,909    840,428     1.52    242,686    405,105     1.65    149,506    195,550     1.29    153,718    239,773     1.55
1991........................   542,815    834,281     1.53    239,847    390,944     1.65    148,306    200,062     1.33    154,661    243,275     1.54
1992........................   567,176    842,137     1.48    250,394    382,480     1.54    154,150    207,663     1.32    162,632    251,994     1.52
1993........................   595,240    874,515     1.45    260,635    390,721     1.49    161,681    215,878     1.31    172,924    267,916     1.51
1994........................   637,561    931,702     1.41    278,652    406,207     1.43    172,973    234,893     1.30    185,936    290,602     1.50
1995........................   679,700    989,839     1.43    297,244    432,344     1.43    187,387    254,616     1.32    195,068    302,879     1.54

1995:Jan....................   670,780    942,318     1.40    294,398    410,341     1.39    183,285    237,628     1.30    193,097    294,349     1.52
Feb.....................   670,696    948,860     1.41    294,205    413,574     1.41    185,456    239,785     1.29    191,035    295,501     1.55
Mar.....................   671,939    957,242     1.42    295,537    416,681     1.41    183,828    243,169     1.32    192,574    297,392     1.54
Apr.....................   670,826    965,376     1.44    293,156    419,978     1.43    185,298    245,596     1.33    192,372    299,802     1.56
May.....................   676,690    969,908     1.43    295,251    422,807     1.43    186,946    246,823     1.32    194,493    300,278     1.54
June....................   681,343    973,914     1.43    296,877    424,293     1.43    188,359    249,252     1.32    196,107    300,369     1.53

July....................   677,107    977,485     1.44    293,901    426,722     1.45    187,591    251,179     1.34    195,615    299,584     1.53
Aug.....................   685,051    981,703     1.43    299,808    427,245     1.43    188,162    252,078     1.34    197,081    302,380     1.53
Sept....................   686,522    985,988     1.44    300,754    429,959     1.43    189,171    253,245     1.34    196,597    302,784     1.54
Oct.....................   685,638    991,142     1.45    299,824    431,303     1.44    189,589    254,563     1.34    196,225    305,276     1.56
Nov.....................   690,263    993,148     1.44    300,755    431,652     1.44    191,349    254,686     1.33    198,159    306,810     1.55
Dec.....................   695,490    989,839     1.42    301,284    432,344     1.44    194,901    254,616     1.31    199,305    302,879     1.52

1996:Jan....................   690,692    995,352     1.44    298,685    434,724     1.46    192,878    256,258     1.33    199,129    304,370     1.53
Feb.....................   699,208    996,008     1.42    301,763    435,615     1.44    194,053    255,569     1.32    203,392    304,824     1.50
Mar.....................   700,253    994,010     1.42    300,646    435,413     1.45    195,379    256,444     1.31    204,228    302,153     1.48
Apr.....................   709,541    998,430     1.41    308,003    435,441     1.41    197,507    259,592     1.31    204,031    303,397     1.49
May.....................   715,130    996,984     1.39    311,203    434,220     1.40    198,258    258,834     1.31    205,669    303,930     1.48
June....................   711,760    997,322     1.40    308,851    433,868     1.40    198,543    259,262     1.31    204,366    304,192     1.49

July....................   719,176  1,002,404     1.39    312,400    434,446     1.39    202,057    259,100     1.28    204,719    308,858     1.51
Aug.....................   717,532  1,005,435     1.40    312,847    435,687     1.39    200,086    258,822     1.29    204,599    310,926     1.52
Sept....................   722,691  1,006,430     1.39    315,160    436,700     1.39    201,404    256,959     1.28    206,127    312,771     1.52
Octp....................   725,787  1,011,261     1.39    315,510    438,134     1.39    202,790    257,770     1.27    207,487    315,357     1.52
Novp....................   729,830  1,011,955     1.39    318,280    439,889     1.38    204,578    258,015     1.26    206,972    314,051     1.52
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\1\Annual data are averages of monthly not seasonally adjusted figures.
\2\Seasonally adjusted, end of period. Inventories beginning January 1982 for manufacturing and December 1980 for wholesale and retail trade are not
comparable with earlier periods.
\3\Inventory/sales ratio. Annual data are: beginning 1982, averages of monthly ratios; for 1958-81, ratio of December inventories to monthly average
sales for the year; and for earlier years, weighted averages. Monthly data are ratio of inventories at end of month to sales for month.

Note.--Earlier data are not strictly comparable with data beginning 1958 for manufacturing and beginning 1967 for wholesale and retail trade.

Source: Department of Commerce, Bureau of the Census.