May 15, 201208:46 AMDaily Biz Briefs
Manufacturing sales, shipments up in March
The combined value of distributive trade sales and manufacturers’ shipments for March was $1.24 trillion, up 0.6 percent compared to February 2012 and 5.8 percent from March 2011, according to the U.S. Census Bureau.
Inventories were estimated at an end-of-month level of $1.58 trillion, up 0.3 percent compared to February 2012 and 6.6 percent from March 2011.
The total business inventories/sales ratio based on seasonally adjusted data at the end of March was 1.27. The March 2011 ratio was 1.26.