Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 03 2003 1 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Mar. 2003 Feb. 2003 Mar. 2002 Mar. 2003 Feb. 2003 Mar. 2002 Mar. 2003 Feb. 2003 Mar. 2002 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 849,875 834,860 805,070 1,171,724 1,166,786 1,126,477 1.38 1.40 1.40 MANUFACTURERS 328,721 322,601 315,593 433,103 433,227 431,434 1.32 1.34 1.37 RETAILERS 280,585 274,066 265,947 447,586 443,879 410,401 1.60 1.62 1.54 MERCHANT WHOLESALERS 240,569 238,193 223,530 291,035 289,680 284,642 1.21 1.22 1.27 NOT ADJUSTED TOTAL BUSINESS 864,100 770,852 825,350 1,173,121 1,166,236 1,126,359 1.36 1.51 1.36 MANUFACTURERS 344,299 309,768 332,852 430,334 435,545 428,387 1.25 1.41 1.29 RETAILERS 276,144 243,532 265,788 451,215 440,140 412,674 1.63 1.81 1.55 MERCHANT WHOLESALERS 243,657 217,552 226,710 291,572 290,551 285,298 1.20 1.34 1.26 (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 03 2003 1 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Mar. 2003/ Feb. 2003/ Mar. 2003/ Mar. 2003/ Feb. 2003/ Mar. 2003/ Mar. 2003/ Feb. 2003/ Mar. 2003/ Mar. 2003/ Feb. 2003/ Mar. 2003/ Feb. 2003 Jan. 2003 Mar. 2002 Feb. 2003 Jan. 2003 Mar. 2002 Feb. 2003 Jan. 2003 Mar. 2002 Feb. 2003 Jan. 2003 Mar. 2002 TOTAL BUSINESS 1.8 -0.9 5.6 0.4 0.7 4.0 12.1 -1.2 4.7 0.6 1.1 4.2 MANUFACTURERS 1.9 -1.4 4.2 0.0 0.4 0.4 11.1 3.4 3.4 -1.2 1.4 0.5 RETAILERS 2.4 -1.5 5.5 0.8 1.1 9.1 13.4 -3.6 3.9 2.5 2.0 9.3 MERCHANT WHOLESALERS 1.0 0.5 7.6 0.5 0.3 2.2 12.0 -4.8 7.5 0.4 -0.6 2.2 (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 03 2003 1 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Mar. 2003 Feb. 2003 Mar. 2002 Mar. 2003 Feb. 2003 Mar. 2002 Mar. 2003/ Feb. 2003/ Mar. 2003/ (p) (r) (s) (p) (r) (s) Feb. 2003 Jan. 2003 Mar. 2002 Mar. 2003 Feb. 2003 Mar. 2002 ADJUSTED 44,45 RETAIL TRADE, TOTAL 280,585 274,066 265,947 447,586 443,879 410,401 0.8 1.1 9.1 1.60 1.62 1.54 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 207,047 203,997 196,677 293,435 291,744 282,004 0.6 0.6 4.1 1.42 1.43 1.43 441 MOTOR VEHICLE AND PARTS DEALERS 73,538 70,069 69,270 154,151 152,135 128,397 1.3 2.1 20.1 2.10 2.17 1.85 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 15,513 15,091 15,338 26,246 26,302 25,174 -0.2 -0.3 4.3 1.69 1.74 1.64 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 25,964 24,193 24,579 44,304 43,916 41,570 0.9 2.2 6.6 1.71 1.82 1.69 445 FOOD AND BEVERAGE STORES 41,955 41,812 40,842 34,495 34,355 33,827 0.4 0.5 2.0 0.82 0.82 0.83 448 CLOTHING AND ACCESSORY STORES 14,810 14,374 14,382 37,052 36,805 34,512 0.7 0.7 7.4 2.50 2.56 2.40 452 GENERAL MERCHANDISE 38,986 38,935 37,556 66,788 66,012 64,196 1.2 -0.2 4.0 1.71 1.70 1.71 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 18,045 18,182 19,082 37,386 36,971 39,237 1.1 -0.6 -4.7 2.07 2.03 2.06 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 276,144 243,532 265,788 451,215 440,140 412,674 2.5 2.0 9.3 1.63 1.81 1.55 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 199,433 178,598 193,645 289,927 282,569 278,540 2.6 1.4 4.1 1.45 1.58 1.44 441 MOTOR VEHICLE AND PARTS DEALERS 76,711 64,934 72,143 161,288 157,571 134,134 2.4 3.2 20.2 2.10 2.43 1.86 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 15,002 13,554 14,913 25,564 25,118 24,519 1.8 -1.8 4.3 1.70 1.85 1.64 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 24,379 19,124 22,951 46,253 44,267 43,358 4.5 5.5 6.7 1.90 2.31 1.89 445 FOOD AND BEVERAGE STORES 41,238 37,882 41,557 34,415 34,037 33,717 1.1 -0.8 2.1 0.83 0.90 0.81 448 CLOTHING AND ACCESSORY STORES 13,441 11,699 13,963 36,089 34,928 33,649 3.3 3.9 7.3 2.68 2.99 2.41 452 GENERAL MERCHANDISE 36,856 32,830 36,597 64,795 62,094 62,341 4.3 1.7 3.9 1.76 1.89 1.70 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 16,670 14,640 18,301 36,451 34,679 38,256 5.1 2.0 -4.7 2.19 2.37 2.09 (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 03 2003 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 15,015 -7,739 44,805 1.8 -0.9 5.6 MANUFACTURERS 6,120 322,601 13,128 1.9 0.0 4.2 RETAILERS 6,519 -4,290 14,638 2.4 -1.5 5.5 MERCHANT WHOLESALERS 2,376 1,215 17,039 1.0 0.5 7.6 INVENTORY TOTAL BUSINESS 4,938 7,650 45,247 0.4 0.7 4.0 MANUFACTURERS -124 1,916 1,669 0.0 0.4 0.4 RETAILERS 3,707 4,759 37,185 0.8 1.1 9.1 MERCHANT WHOLESALERS 1,355 975 6,393 0.5 0.3 2.2 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 03 2003 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 770,815 37 0.00 834,512 348 0.04 MANUFACTURERS 309,731 37 0.01 322,253 348 0.11 RETAILERS 243,516 16 0.01 274,427 -361 -0.13 MERCHANT WHOLESALERS 217,448 104 0.05 238,145 48 0.02 INVENTORY TOTAL BUSINESS 1,166,368 -132 -0.01 1,166,145 641 0.05 MANUFACTURERS 435,677 -132 -0.03 433,196 31 0.01 RETAILERS 440,177 -37 -0.01 443,304 575 0.13 MERCHANT WHOLESALERS 290,690 -139 -0.05 289,544 136 0.05 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