Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 07 2008 1 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Jul. 2008 Jun. 2008 Jul. 2007 Jul. 2008 Jun. 2008 Jul. 2007 Jul. 2008 Jun. 2008 Jul. 2007 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 1,219,467 1,213,469 1,121,298 1,507,148 1,490,874 1,416,225 1.24 1.23 1.26 MANUFACTURERS 465,281 455,873 431,756 558,210 555,627 518,644 1.20 1.22 1.20 RETAILERS 343,622 345,636 337,120 507,683 500,100 498,711 1.48 1.45 1.48 MERCHANT WHOLESALERS 410,564 411,960 352,422 441,255 435,147 398,870 1.07 1.06 1.13 NOT ADJUSTED TOTAL BUSINESS 1,219,360 1,246,145 1,090,023 1,493,726 1,479,322 1,403,231 1.23 1.19 1.29 MANUFACTURERS 449,268 479,381 403,222 562,418 553,170 522,281 1.25 1.15 1.30 RETAILERS 351,513 346,727 337,869 492,570 494,305 483,471 1.40 1.43 1.43 MERCHANT WHOLESALERS 418,579 420,037 348,932 438,738 431,847 397,479 1.05 1.03 1.14 (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 07 2008 1 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Jul. 2008/ Jun. 2008/ Jul. 2008/ Jul. 2008/ Jun. 2008/ Jul. 2008/ Jul. 2008/ Jun. 2008/ Jul. 2008/ Jul. 2008/ Jun. 2008/ Jul. 2008/ Jun. 2008 May. 2008 Jul. 2007 Jun. 2008 May. 2008 Jul. 2007 Jun. 2008 May. 2008 Jul. 2007 Jun. 2008 May. 2008 Jul. 2007 TOTAL BUSINESS 0.5 1.7 8.8 1.1 0.8 6.4 -2.1 1.0 11.9 1.0 0.2 6.4 MANUFACTURERS 2.1 1.9 7.8 0.5 1.2 7.6 -6.3 4.0 11.4 1.7 0.0 7.7 RETAILERS -0.6 0.1 1.9 1.5 0.1 1.8 1.4 -4.9 4.0 -0.4 -0.7 1.9 MERCHANT WHOLESALERS -0.3 3.0 16.5 1.4 0.9 10.6 -0.3 2.9 20.0 1.6 1.5 10.4 (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 07 2008 1 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Jul. 2008 Jun. 2008 Jul. 2007 Jul. 2008 Jun. 2008 Jul. 2007 Jul. 2008/ Jun. 2008/ Jul. 2008/ (p) (r) (s) (p) (r) (s) Jun. 2008 May. 2008 Jul. 2007 Jul. 2008 Jun. 2008 Jul. 2007 ADJUSTED 44,45 RETAIL TRADE, TOTAL 343,622 345,636 337,120 507,683 500,100 498,711 1.5 0.1 1.8 1.48 1.45 1.48 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 277,374 276,431 261,320 347,685 345,074 340,007 0.8 0.3 2.3 1.25 1.25 1.30 441 MOTOR VEHICLE AND PARTS DEALERS 66,248 69,205 75,800 159,998 155,026 158,704 3.2 -0.4 0.8 2.42 2.24 2.09 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 18,833 18,863 19,199 33,445 33,007 32,574 1.3 0.9 2.7 1.78 1.75 1.70 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 27,929 27,840 28,125 50,405 49,983 49,114 0.8 0.1 2.6 1.80 1.80 1.75 445 FOOD AND BEVERAGE STORES 49,613 49,405 46,996 37,638 37,525 35,481 0.3 0.3 6.1 0.76 0.76 0.75 448 CLOTHING AND ACCESSORY STORES 19,152 19,071 18,928 46,613 46,260 47,390 0.8 0.2 -1.6 2.43 2.43 2.50 452 GENERAL MERCHANDISE 50,626 50,508 48,173 76,170 75,930 76,470 0.3 -0.1 -0.4 1.50 1.50 1.59 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 17,091 17,131 17,533 35,810 35,931 37,565 -0.3 -1.0 -4.7 2.10 2.10 2.14 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 351,513 346,727 337,869 492,570 494,305 483,471 -0.4 -0.7 1.9 1.40 1.43 1.43 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 279,566 275,248 257,850 340,134 336,680 332,472 1.0 -0.3 2.3 1.22 1.22 1.29 441 MOTOR VEHICLE AND PARTS DEALERS 71,947 71,479 80,019 152,436 157,625 150,999 -3.3 -1.4 1.0 2.12 2.21 1.89 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 18,275 17,720 18,340 32,876 32,215 31,988 2.1 1.2 2.8 1.80 1.82 1.74 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 30,841 31,597 29,948 49,901 50,633 48,623 -1.4 -2.1 2.6 1.62 1.60 1.62 445 FOOD AND BEVERAGE STORES 51,176 48,876 47,536 36,972 37,256 34,851 -0.8 0.9 6.1 0.72 0.76 0.73 448 CLOTHING AND ACCESSORY STORES 17,715 17,344 17,123 46,007 44,826 46,774 2.6 0.3 -1.6 2.60 2.58 2.73 452 GENERAL MERCHANDISE 48,566 49,273 45,636 72,300 71,907 72,624 0.5 -1.7 -0.4 1.49 1.46 1.59 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 15,518 16,014 15,671 33,554 33,308 35,236 0.7 -3.1 -4.8 2.16 2.08 2.25 (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 07 2008 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 5,998 20,788 98,169 0.5 1.7 8.8 MANUFACTURERS 9,408 455,873 33,525 2.1 0.0 7.8 RETAILERS -2,014 211 6,502 -0.6 0.1 1.9 MERCHANT WHOLESALERS -1,396 12,115 58,142 -0.3 3.0 16.5 INVENTORY TOTAL BUSINESS 16,274 11,109 90,923 1.1 0.8 6.4 MANUFACTURERS 2,583 6,802 39,566 0.5 1.2 7.6 RETAILERS 7,583 433 8,972 1.5 0.1 1.8 MERCHANT WHOLESALERS 6,108 3,874 42,385 1.4 0.9 10.6 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 07 2008 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 1,247,620 -1,475 -0.12 1,212,439 1,030 0.08 MANUFACTURERS 479,899 -518 -0.11 454,566 1,307 0.29 RETAILERS 346,787 -60 -0.02 346,645 -1,009 -0.29 MERCHANT WHOLESALERS 420,934 -897 -0.21 411,228 732 0.18 INVENTORY TOTAL BUSINESS 1,478,304 1,018 0.07 1,489,543 1,331 0.09 MANUFACTURERS 552,368 802 0.15 554,338 1,289 0.23 RETAILERS 494,036 269 0.05 499,353 747 0.15 MERCHANT WHOLESALERS 431,900 -53 -0.01 435,852 -705 -0.16 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: September 12, 2008