Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 01 2005 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Jan. 2005 Dec. 2004 Jan. 2004 Jan. 2005 Dec. 2004 Jan. 2004 Jan. 2005 Dec. 2004 Jan. 2004 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 994,473 986,724 895,413 1,290,576 1,279,194 1,188,082 1.30 1.30 1.33 MANUFACTURERS 389,415 383,872 348,477 477,466 471,351 440,029 1.23 1.23 1.26 RETAILERS 316,301 315,514 292,620 481,175 479,411 452,395 1.52 1.52 1.55 MERCHANT WHOLESALERS 288,757 287,338 254,316 331,935 328,432 295,658 1.15 1.14 1.16 NOT ADJUSTED TOTAL BUSINESS 895,184 1,044,600 822,405 1,283,152 1,264,218 1,181,921 1.43 1.21 1.44 MANUFACTURERS 352,743 381,071 318,434 474,939 459,690 437,679 1.35 1.21 1.37 RETAILERS 279,281 371,848 265,064 471,762 473,630 443,801 1.69 1.27 1.67 MERCHANT WHOLESALERS 263,160 291,681 238,907 336,451 330,898 300,441 1.28 1.13 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 01 2005 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Jan. 2005/ Dec. 2004/ Jan. 2005/ Jan. 2005/ Dec. 2004/ Jan. 2005/ Jan. 2005/ Dec. 2004/ Jan. 2005/ Jan. 2005/ Dec. 2004/ Jan. 2005/ Dec. 2004 Nov. 2004 Jan. 2004 Dec. 2004 Nov. 2004 Jan. 2004 Dec. 2004 Nov. 2004 Jan. 2004 Dec. 2004 Nov. 2004 Jan. 2004 TOTAL BUSINESS 0.8 1.2 11.1 0.9 0.2 8.6 -14.3 8.0 8.8 1.5 -3.4 8.6 MANUFACTURERS 1.4 1.2 11.7 1.3 0.1 8.5 -7.4 2.1 10.8 3.3 -2.6 8.5 RETAILERS 0.2 1.3 8.1 0.4 0.3 6.4 -24.9 19.6 5.4 -0.4 -6.7 6.3 MERCHANT WHOLESALERS 0.5 1.1 13.5 1.1 0.4 12.3 -9.8 2.9 10.2 1.7 0.4 12.0 (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 01 2005 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Jan. 2005 Dec. 2004 Jan. 2004 Jan. 2005 Dec. 2004 Jan. 2004 Jan. 2005/ Dec. 2004/ Jan. 2005/ (p) (r) (s) (p) (r) (s) Dec. 2004 Nov. 2004 Jan. 2004 Jan. 2005 Dec. 2004 Jan. 2004 ADJUSTED 44,45 RETAIL TRADE, TOTAL 316,301 315,514 292,620 481,175 479,411 452,395 0.4 0.3 6.4 1.52 1.52 1.55 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 235,857 233,327 217,679 320,725 318,072 298,441 0.8 1.1 7.5 1.36 1.36 1.37 441 MOTOR VEHICLE AND PARTS DEALERS 80,444 82,187 74,941 160,450 161,339 153,954 -0.6 -1.4 4.2 1.99 1.96 2.05 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 17,578 17,329 16,791 29,106 29,101 26,997 0.0 2.9 7.8 1.66 1.68 1.61 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 32,163 31,984 27,871 57,283 55,748 47,821 2.8 2.3 19.8 1.78 1.74 1.72 445 FOOD AND BEVERAGE STORES 45,296 44,979 43,246 36,018 35,837 34,787 0.5 -0.4 3.5 0.80 0.80 0.80 448 CLOTHING AND ACCESSORY STORES 16,277 16,001 15,580 38,304 37,815 37,104 1.3 0.5 3.2 2.35 2.36 2.38 452 GENERAL MERCHANDISE 43,633 43,231 41,074 72,169 71,799 67,679 0.5 1.1 6.6 1.65 1.66 1.65 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 18,083 18,026 17,840 37,493 37,444 37,419 0.1 0.3 0.2 2.07 2.08 2.10 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 279,281 371,848 265,064 471,762 473,630 443,801 -0.4 -6.7 6.3 1.69 1.27 1.67 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 211,198 292,694 198,999 309,439 309,625 287,617 -0.1 -9.7 7.6 1.47 1.06 1.45 441 MOTOR VEHICLE AND PARTS DEALERS 68,083 79,154 66,065 162,323 164,005 156,184 -1.0 -0.4 3.9 2.38 2.07 2.36 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 15,997 24,441 15,647 28,233 29,014 26,214 -2.7 -10.0 7.7 1.76 1.19 1.68 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 25,189 29,113 22,465 56,137 53,908 46,865 4.1 1.8 19.8 2.23 1.85 2.09 445 FOOD AND BEVERAGE STORES 44,092 49,676 42,902 36,015 36,682 34,802 -1.8 -3.0 3.5 0.82 0.74 0.81 448 CLOTHING AND ACCESSORY STORES 12,029 28,431 11,773 35,355 34,790 34,247 1.6 -16.8 3.2 2.94 1.22 2.91 452 GENERAL MERCHANDISE 36,747 65,667 34,725 67,075 67,864 62,699 -1.2 -19.2 7.0 1.83 1.03 1.81 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 14,078 31,757 13,981 34,306 34,711 34,164 -1.2 -23.4 0.4 2.44 1.09 2.44 (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 01 2005 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 7,749 11,799 99,060 0.8 1.2 11.1 MANUFACTURERS 5,543 383,872 40,938 1.4 0.0 11.7 RETAILERS 787 3,959 23,681 0.2 1.3 8.1 MERCHANT WHOLESALERS 1,419 3,115 34,441 0.5 1.1 13.5 INVENTORY TOTAL BUSINESS 11,382 3,065 102,494 0.9 0.2 8.6 MANUFACTURERS 6,115 474 37,437 1.3 0.1 8.5 RETAILERS 1,764 1,240 28,780 0.4 0.3 6.4 MERCHANT WHOLESALERS 3,503 1,351 36,277 1.1 0.4 12.3 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 01 2005 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 1,044,355 245 0.02 986,229 495 0.05 MANUFACTURERS 380,669 402 0.11 382,691 1,181 0.31 RETAILERS 372,135 -287 -0.08 315,078 436 0.14 MERCHANT WHOLESALERS 291,436 245 0.08 286,843 495 0.17 INVENTORY TOTAL BUSINESS 1,264,298 -80 -0.01 1,279,029 165 0.01 MANUFACTURERS 459,484 206 0.04 470,553 798 0.17 RETAILERS 473,768 -138 -0.03 479,378 33 0.01 MERCHANT WHOLESALERS 330,978 -80 -0.02 328,267 165 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