Sales
The combined value of distributive trade sales and manufacturers’ shipments for January, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,974.6 billion, up 0.3 percent (±0.2 percent) from December 2025 and was up 4.5 percent (±0.4 percent) from January 2025.
Inventories
Manufacturers’ and trade inventories for January, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,675.0 billion, down 0.1 percent (±0.1 percent)* from December 2025, but were up 1.0 percent (±0.4 percent) from January 2025.
Inventories/Sales Ratio
The total business inventories/sales ratio based on seasonally adjusted data at the end of January was 1.35. The January 2025 ratio was 1.40.
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* The 90 percent confidence interval includes zero. There is insufficient evidence to conclude that the actual change is different from zero.
