ECONOMIC

TABLE C-41.—Sales and inventories in manufacturing and trade, 1947-73[Amounts in millions of dollars]Year or monthTotal manufacturingand tradeManufacturingMerchant wholesalersRetail tradeSalesInventories2Ratio 3Sales iInventories2Ratio sSales iInventories2Ratio sSales iInventories2Ratio 31947...1948...1949...35,26033,78852, 50749,4971.421.5315,51317,31616,12625,89728,54326,3211.581.571.756,!6,5147,9577,7061.131.1910,20011,13511,14914,24116,00715,4701.261.391.411950...1951...1952...1953...1954...38,59643,35644, 84047,98746,44359,82270,24272, 37776,12273,1751.361.551.581.581.6018,63421,71422, 52924, 84323,35531,07839, 30641,13643,94841,6121.481.661.781.761.817,6958,5978,7829,0528,9939,2849,88610,21010,68610,6371.071.161.121.171.1812,26813, 04613, 52914,09114, 09519,46021,05021,03121,48820,9261.381.641.521.531.511955...1956...1957...1958...1959...51,69454,06355,87954, 23359, 66179, 51687,30489, 05286,92291,8911.471.551.591.601.5026,48027,74028, 73627,28030,21945, 06950,64251,87150,07052, 7071.621.731.1.841.709,89310,51310,47510,25711,49111,67813, 26012,73012, 73913,8791.131.191.231.241.1515,32115,81116, 66716,69617, 95122,76923,40224,45124,11325,3051.431.471.441.431.401960...1961*.1962...1963...1964...60, 74661,13365,41768,96973,68594, 74795,648101,090105, 477111,4571.561.541.511.491.4730, 79630,89633,11335, 03237,33553,81454,93958, 21360, 04363,3861.761.741.721.691.6411,65611,98812,67413,38214, 52714,12014,48814,93616,04816, 9771.221.201.161.151.1318, 29418, 24919,63020, 55621,82326,81326, 22127,94129,38631,0941.451.431.381.391.401965...1966...1967...1968...1969...1970...1971...1972...1973 K.80, 276 120,90087,178 136,729145,16497,100 155, 376103,104 166,813104,708 174,875112,267 183i 622124,680 194,151 194,"-144,094 215, "1,6461.451.471.571.551.561.631.601.511.4241,00344, 86946, 44950, 28253, 55568, 22177,96584, 65590,87597, 07452,860 101,64555,917 102, 44562, 466 '"719 107;72,032 118,4351.601.621.761.741.761.891.821.671.5615, 59516,97917, 09918, 32919, 72620,55422,28024, 85030, 08318, 27420,69121, 55722, 52824, 36326, 60428,91631, 73236, 2831.141.141.211.201.191.231.231.211.1323,67725,33026,15128, 49029, 82431, 29434, 07137, 36541,97934,40538,07338,95241,97345, 37646, 62652, 26154,70060,9281.391.441.461.431.461.471.471.421.37Seasonally adjusted1972:Jan...Feb...Mar...Apr...May...June..July...Aug...Sept...Oct...Nov...Dec...1973:Jan...Feb....Mar....Apr....May...June...July....AugSept...Oct....Nov *>_.Dec p..118,299 184,068117,998 184,571120,239 184, 856121,352 185, 655122,673 186,816122,347 187,194[22,783 187, 681.26,792 189, 093.27,656 190,486.30,336 191, 583131,918 192,921.33, 483 194; "1,151.36,863 196, 29538,910 198,172.41,010 199,52541,274 200, 78742,682 202, 89642,311 205,25246, 458 206,81346,068:208,66846,2411210,35450,2571212,41752,957 215,6451.561.561.541.531.521.531.531.491.491.471.461.4559, 062 102,56159,120 102,90659,905 103,04360,886 103,26761,272 103,68561,295 104,26061, 047 104, 68563,686 105,82264,503:106,16865,451 106,61766,993 106,97467,104 107, 7191.43 68,401 108,1871.43i 69,245 109,0821.411 69,719 110,1741.42, 70,468 110,5771.42 71,284 111,6251.44 71,616,113,0251.411.431.441.441.4173, 248 ! 113, 91073, 0211114,90773, O6O|116,11475,269 117,22477,019 118,435T1.741.741.72.7024, 35123, 53323,88424,170.69 24,260.70 24,23024, 39425,13725, 40725,77926, 21226,96227,755.58 28,423.58 29,312.57, 29,621.57 29,675.58 29,5281.5611.571.591.56,1.5430,44330,69230,64631,91832, 90329, 04929,18129,17429, 57429, 72929, 64130, 05630,16430, 65731, 03231, 28931,73232, 58233, 05133,245!33,574!33,98534,14834, 65334,98435, 26635,37936,2831.191.241.2234, 88635, 34536,4501.22! 36,2961.23; 37,1411.22 36,8221.23 37,3421.20 37,9691.21 37,7461.20 39,1061.19 38,7131.18 39,41752, 45852, 48452, 63952, 81453, 40253, 29352,94053,10753, 66153,93454, 65854, 7001.17 40,707 55,5261.16 41,242i 55,0391.13 41,979: 56,1061.13 41,185! 56,6361.15! 41,723 57,2851.16 41,167 58,0791.141.141.151.111.1042, 76742, 35542, 53543,07043, 03542,45358,25058,79758,97459,81460,9281 Monthly average for year and total for month.2 Seasonally adjusted, end of period.3 Inventory /sales ratio. For annual periods, ratio of weighted average inventories to average monthly sales; for monthlydata, ratio of inventories at end of month to sales for month.< Manufacturing data prior to 1961 not completely comparable with later data. See Department of Commerce, Bureauof the Census, "Series M3-1.1," September 1968.* Based on seasonally adjusted data through November.Note.—The inventory figures in this table do not agree with the estimates of change in business inventories includedin the gross national product since these figures cover only manufacturing and trade rather than all business, and showinventories in terms of current book value without adjustment for revaluation.Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).2971.501.481.441.461.441.451.421.401.421.381.411.391.361.361.341.381.371.411.361.391.391.391.42