Sales
The combined value of distributive trade sales and manufacturers’ shipments for September, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,947.5 billion, virtually unchanged (±0.1 percent)* from August 2025, but were up 3.7 percent (±0.3 percent) from September 2024.
Inventories
Manufacturers’ and trade inventories for September, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,670.0 billion, up 0.2 percent (±0.1 percent) from August 2025 and were up 1.2 percent (±0.3 percent) from September 2024.
Inventories/Sales Ratio
The total business inventories/sales ratio based on seasonally adjusted data at the end of September was 1.37. The September 2024 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.
