The following is the unedited transcript of the news release from the U.S. Census Bureau of the Department of Commerce.


Sales.


The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for August, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,119.1 billion, down 0.4 percent (±0.2%) from July 2007 and up 3.0 percent (±0.3%) from August 2006.


Inventories.


Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,420.8 billion, up 0.1 percent (±0.1%)* from July 2007 and up 3.0 percent (±0.3%) from August 2006.


Inventories/Sales Ratio.


The total business inventories/sales ratio based on seasonally adjusted data at the end of August was 1.27. The August 2006 ratio was also 1.27.


Available at:

http://www.census.gov/mtis/www/current.html