Business inventory to sales ratio indicates the level of inventory that businesses currently maintain to meet a given sales volume. Over time, businesses have reduced inventory in relation to sales. Increased speed and reliability of transportation help businesses operate with smaller inventories.
|Business Inventory to Sales||Jul-02||Aug-02|
|Inventory/sales ratio percent change from previous month||-0.74||-0.74|
NOTE: The Census Bureau released revised historical new orders data on July 15, 2002. This report reflects those revisions.
SOURCE: U.S. Department of Commerce, Bureau of the Census, as of Oct. 15, 2002, available at: http://www.census.gov/mtis/www/mtis.html.