Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,937.2 billion, up 0.1 percent from May 2018 and were up 4.0 percent (±1.3 percent) from June 2017.
The total business inventories/sales ratio based on seasonally adjusted data at the end of June was 1.33. The June 2017 ratio was 1.39.