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US trade & manufacturing see slight gains in August 2023

19 Oct '23
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • US saw modest gains in trade sales and manufacturers' shipments, totalling $********* billion in August 2023, up *.* per cent from July 2023 and *.* per cent year-on-year.
  • The country's manufacturers' and trade inventories increased to $********* billion in August 2023, while the total business inventories to sales ratio rose slightly to *.*.

In related data, the end-of-month level for manufacturers&#**; and trade inventories in August **** was estimated to be $*,***.* billion. This represents an increase of *.* per cent from July **** and a * per cent rise from the same month in the previous year.

At the end of August ****, the total business inventories to sales ratio was recorded at *.**, based on seasonally adjusted data. This shows a subtle increase compared to the ratio of *.** recorded in August ****, as per the census bureau.

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