UPDATE 1-US Nov business inventories yr/yr data revised

(Adds details)

WASHINGTON, Jan 29 (BestGrowthStock) – The Commerce Department said it revised on
Jan. 28 its November 2008 levels for U.S. business inventories and sales,
resulting in revisions to November 2009 year-over-year percent changes and the
year-ago inventory-to-sales ratio.

The latest revisions resulted from a Jan. 15 correction to U.S. November
factory orders and durable goods reported after the department discovered a
technical error. “As a result, the seasonally adjusted November 2008 estimates
for manufacturers and total business were updated,” the department’s Census
Bureau said on its Web site.

U.S. November year-over-year inventories were revised to an 11.0 percent
decline from a previously reported 11.1 percent drop, while sales were revised
to flat from down 0.4 percent previously.

November inventories of manufacturers fell 10.2 percent from a year
earlier, while November year-on-year sales were down 2.7 percent. Those figures
were revised from down 10.3 percent and off 3.8 percent, respectively. November
2008 levels for the manufacturers’ inventories and sales subgroups were
revised, resulting in changes to total business inventories and sales for that
month, and revisions on a year-over-year basis from November 2009.

However, the department maintained the 0.4 percent rise in U.S. November
business inventories from October and the 2.0 percent increase in November
business sales initially reported.

“Updates to the MTIS (Manufacturing and Trade Inventories and Sales)
release impacted the level estimates and the November 2009 to November 2008
year-to-year change estimates for manufacturers and total business sales and
inventories and the November 2008 inventories/sales ratio,” Census said.

The Census Bureau reported its revisions at Web site
http://www.census.gov/mtis/

Following are revised estimates to the U.S. November seasonally adjusted
business inventories and sales data originally reported on Jan. 14:
PCT CHANGES:
INVENTORIES Nov (PREV) Oct (Prev) Nov’09/08 (PREV)
Total Business 0.4 0.4 0.4 0.4 -11.0 -11.1
Manufacturers 0.2 0.2 0.6 0.6 -10.2 -10.3
Retailers -0.2 -0.2 UNCH UNCH -12.0 -12.0
Autos/parts 0.1 0.1 0.6 0.6 -24.2 -24.2
Wholesalers 1.5 1.5 0.6 0.6 -11.0 -11.0
SALES Nov (Prev) Oct (Prev) Nov’09/08 (PREV)
Total Business 2.0 2.0 1.4 1.4 UNCH -0.4
Manufacturers 1.0 1.0 1.5 1.5 -2.7 -3.8
Retailers 1.9 1.9 1.3 1.3 2.8 2.8
Autos/parts 1.2 1.2 7.4 7.4 5.2 5.2
Wholesalers 3.3 3.3 1.4 1.4 0.6 0.6
BLNS OF DLRS:
INVENTORIES Nov (Prev) Oct (Prev) Nov’08 (PREV)
Total Business 1,313.2 1,313.2 1,307.8 1,307.8 1,475.8 1,476.8
Manufacturers 495.1 495.1 494.4 494.4 551.3 552.3
Retailers 431.8 431.8 432.8 432.8 490.7 490.7
Autos/parts 113.8 113.8 113.6 113.6 150.1 150.1
Wholesalers 386.3 386.3 380.6 380.6 433.9 433.9
SALES Nov (Prev) Oct (Prev) Nov’08 (Prev)
Total Business 1,027.4 1,027.4 1,006.8 1,006.8 1,026.9 1,031.4
Manufacturers 374.2 374.2 370.3 370.3 384.4 388.9
Retailers 315.8 315.8 309.8 309.8 307.2 307.2
Autos/parts 59.9 59.9 59.2 59.2 56.9 56.9
Wholesalers 337.4 337.4 326.6 326.6 335.3 335.3
Inventory-to- Nov (Prev) Oct (Prev) Nov’08 (Prev)
Sales Ratio 1.28 1.28 1.30 1.30 1.44 1.43
HISTORICAL COMPARISONS/NOTES:

The inventory/sales ratio is a measure of how long it would take to deplete
inventories at the current sales pace.

Investment Research

UPDATE 1-US Nov business inventories yr/yr data revised