(MENAFN) On Friday, Jul. 16 the most recent U.S. manufacturing and trade statistics report showed that U.S. business stockpiles for May soared.
The report of the U.S. Department of Commerce demonstrated that producers' and trade stockpiles, amended for seasonal variations but not for price changes, were expected at an end-of-month level of USD2,039.3 billion, a rise by 0.5 percent from April this year, and rose by 4.5 percent from May last year.
The combined value of distributive trade sales and manufacturers' shipments for May, amended for seasonal and trading day variations but not for price changes, was projected at USD1,615.9 billion, a decrease by 0.3 percent from April this year and an increase by 28.7 percent from May last year.
The whole business stockpiles/sales ratio anchored in seasonally amended figures at the end of May stood at 1.26. The May 2020 ratio came in at 1.55.
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