Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 11 2011 1 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Nov. 2011 Oct. 2011 Nov. 2010 Nov. 2011 Oct. 2011 Nov. 2010 Nov. 2011 Oct. 2011 Nov. 2010 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 1,220,852 1,217,102 1,113,873 1,550,126 1,545,123 1,428,094 1.27 1.27 1.28 MANUFACTURERS 455,028 454,918 412,779 609,814 607,016 550,059 1.34 1.33 1.33 RETAILERS 357,923 356,544 334,586 471,434 469,826 453,569 1.32 1.32 1.36 MERCHANT WHOLESALERS 407,901 405,640 366,508 468,878 468,281 424,466 1.15 1.15 1.16 NOT ADJUSTED TOTAL BUSINESS 1,205,131 1,214,321 1,102,483 1,583,365 1,576,361 1,462,572 1.31 1.30 1.33 MANUFACTURERS 441,539 460,462 402,538 608,787 609,936 550,638 1.38 1.32 1.37 RETAILERS 358,774 344,988 335,293 503,069 494,419 484,492 1.40 1.43 1.44 MERCHANT WHOLESALERS 404,818 408,871 364,652 471,509 472,006 427,442 1.16 1.15 1.17 (p) preliminary. (r) revised. (s) Adjusted data were revised due to concurrent seasonal adjustment. No revisions were made to Not Adjusted data. Table 2. PERCENT CHANGES FOR SALES AND INVENTORIES - MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 11 2011 1 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Nov. 2011/ Oct. 2011/ Nov. 2011/ Nov. 2011/ Oct. 2011/ Nov. 2011/ Nov. 2011/ Oct. 2011/ Nov. 2011/ Nov. 2011/ Oct. 2011/ Nov. 2011/ Oct. 2011 Sep. 2011 Nov. 2010 Oct. 2011 Sep. 2011 Nov. 2010 Oct. 2011 Sep. 2011 Nov. 2010 Oct. 2011 Sep. 2011 Nov. 2010 TOTAL BUSINESS 0.3 0.6 9.6 0.3 0.8 8.5 -0.8 -0.3 9.3 0.4 2.8 8.3 MANUFACTURERS 0.0 0.5 10.2 0.5 0.9 10.9 -4.1 -1.3 9.7 -0.2 1.6 10.6 RETAILERS 0.4 0.6 7.0 0.3 0.2 3.9 4.0 1.1 7.0 1.7 4.5 3.8 MERCHANT WHOLESALERS 0.6 0.8 11.3 0.1 1.2 10.5 -1.0 -0.3 11.0 -0.1 2.7 10.3 (p) preliminary. (r) revised. (s) Adjusted data were revised due to concurrent seasonal adjustment. No revisions were made to Not Adjusted data. Table 3. ESTIMATED MONTHLY RETAIL SALES, INVENTORIES, AND INVENTORIES/SALES RATIOS, BY KIND OF BUSINESS DATA MONTH 11 2011 1 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Nov. 2011 Oct. 2011 Nov. 2010 Nov. 2011 Oct. 2011 Nov. 2010 Nov. 2011/ Oct. 2011/ Nov. 2011/ (p) (r) (s) (p) (r) (s) Oct. 2011 Sep. 2011 Nov. 2010 Nov. 2011 Oct. 2011 Nov. 2010 ADJUSTED 44,45 RETAIL TRADE, TOTAL 357,923 356,544 334,586 471,434 469,826 453,569 0.3 0.2 3.9 1.32 1.32 1.36 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 287,100 286,350 269,184 338,231 337,389 324,677 0.2 0.0 4.2 1.18 1.18 1.21 441 MOTOR VEHICLE AND PARTS DEALERS 70,823 70,194 65,402 133,203 132,437 128,892 0.6 0.5 3.3 1.88 1.89 1.97 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 16,266 16,173 15,615 26,996 26,949 27,666 0.2 0.2 -2.4 1.66 1.67 1.77 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 25,476 25,725 24,255 44,552 44,743 43,747 -0.4 -0.3 1.8 1.75 1.74 1.80 445 FOOD AND BEVERAGE STORES 51,905 51,949 49,571 39,589 39,531 37,480 0.1 -0.2 5.6 0.76 0.76 0.76 448 CLOTHING AND ACCESSORY STORES 19,051 18,968 18,404 46,512 46,370 42,254 0.3 0.7 10.1 2.44 2.44 2.30 452 GENERAL MERCHANDISE 53,162 53,163 51,785 75,694 75,681 72,949 0.0 0.3 3.8 1.42 1.42 1.41 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 15,243 15,239 15,812 30,602 30,845 30,839 -0.8 0.1 -0.8 2.01 2.02 1.95 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 358,774 344,988 335,293 503,069 494,419 484,492 1.7 4.5 3.8 1.40 1.43 1.44 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 294,702 278,864 276,375 366,145 362,009 351,842 1.1 4.6 4.1 1.24 1.30 1.27 441 MOTOR VEHICLE AND PARTS DEALERS 64,072 66,124 58,918 136,924 132,410 132,650 3.4 4.4 3.2 2.14 2.00 2.25 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 18,221 14,848 17,481 30,775 29,590 31,539 4.0 8.7 -2.4 1.69 1.99 1.80 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 24,701 25,679 23,603 42,859 43,848 42,128 -2.3 -0.2 1.7 1.74 1.71 1.78 445 FOOD AND BEVERAGE STORES 51,861 51,317 49,199 41,719 40,810 39,522 2.2 3.1 5.6 0.80 0.80 0.80 448 CLOTHING AND ACCESSORY STORES 20,767 18,087 20,024 51,256 51,239 46,606 0.0 4.9 10.0 2.47 2.83 2.33 452 GENERAL MERCHANDISE 57,908 51,528 56,136 88,187 87,040 85,243 1.3 8.9 3.5 1.52 1.69 1.52 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 18,087 14,358 18,532 36,692 37,137 37,069 -1.2 11.1 -1.0 2.03 2.59 2.00 (p) preliminary. (r) revised. (s) Adjusted data were revised due to concurrent seasonal adjustment. No revisions were made to Not Adjusted data. Table 4. ADJUSTED MTIS DOLLAR AND PERCENT CHANGES DATA MONTH 11 2011 1 C1 C2 C3 C4 C5 C6 ----------DOLLAR CHANGES----------- ----------PERCENT CHANGES---------- CMCY-PMCY PMCY-(PM-1)CY CMCY-CMPY CMCY/PMCY PMCY/(PM-1)CY CMCY/CMPY SALES TOTAL BUSINESS 3,750 7,526 106,979 0.3 0.6 9.6 MANUFACTURERS 110 454,918 42,249 0.0 0.0 10.2 RETAILERS 1,379 2,225 23,337 0.4 0.6 7.0 MERCHANT WHOLESALERS 2,261 3,257 41,393 0.6 0.8 11.3 INVENTORY TOTAL BUSINESS 5,003 11,617 122,032 0.3 0.8 8.5 MANUFACTURERS 2,798 5,429 59,755 0.5 0.9 10.9 RETAILERS 1,608 749 17,865 0.3 0.2 3.9 MERCHANT WHOLESALERS 597 5,439 44,412 0.1 1.2 10.5 Legend: (P)=Preliminary (F)=Final CM=Current Month PM=Previous Month CY=Current Year PY=Previous Year CM/PM=Current Month to Previous Month PM/PM-1=Previous Month to Previous Month minus one Table 5. PM REVISIONS PRELIMINARY TO FINAL DATA MONTH 11 2011 1 C1 C2 C3 C4 C5 C6 ------------UNADJUSTED------------- -------------ADJUSTED-------------- PM (P) PM(F)-PM(P) PM(F)/PM(P) PM (P) PM(F)-PM(P) PM(F)/PM(P) $ CHANGE % CHANGE $ CHANGE % CHANGE SALES TOTAL BUSINESS 1,214,583 -262 -0.02 1,217,940 -838 -0.07 MANUFACTURERS 460,504 -42 -0.01 455,440 -522 -0.11 RETAILERS 344,675 313 0.09 356,499 45 0.01 MERCHANT WHOLESALERS 409,404 -533 -0.13 406,001 -361 -0.09 INVENTORY TOTAL BUSINESS 1,575,614 747 0.05 1,546,367 -1,244 -0.08 MANUFACTURERS 609,776 160 0.03 607,147 -131 -0.02 RETAILERS 493,707 712 0.14 469,037 789 0.17 MERCHANT WHOLESALERS 472,131 -125 -0.03 470,183 -1,902 -0.40 Legend: (P)=Preliminary (F)=Final CM=Current Month PM=Previous Month CY=Current Year PY=Previous Year CM/PM=Current Month to Previous Month PM/PM-1=Previous Month to Previous Month minus one Last Revised: January 12, 2012