Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 01 2007 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Jan. 2007 Dec. 2006 Jan. 2006 Jan. 2007 Dec. 2006 Jan. 2006 Jan. 2007 Dec. 2006 Jan. 2006 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 1,057,798 1,065,307 1,038,102 1,370,168 1,367,151 1,296,710 1.30 1.28 1.25 MANUFACTURERS 391,159 395,766 397,247 482,033 482,897 456,157 1.23 1.22 1.15 RETAILERS 333,218 332,967 326,799 491,410 490,360 477,234 1.47 1.47 1.46 MERCHANT WHOLESALERS 333,421 336,574 314,056 396,725 393,894 363,319 1.19 1.17 1.16 NOT ADJUSTED TOTAL BUSINESS 984,243 1,097,830 945,508 1,360,786 1,349,939 1,287,876 1.38 1.23 1.36 MANUFACTURERS 361,139 386,877 362,220 478,883 469,603 453,743 1.33 1.21 1.25 RETAILERS 301,746 386,553 289,603 481,465 483,943 467,775 1.60 1.25 1.62 MERCHANT WHOLESALERS 321,358 324,400 293,685 400,438 396,393 366,358 1.25 1.22 1.25 (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 2007 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Jan. 2007/ Dec. 2006/ Jan. 2007/ Jan. 2007/ Dec. 2006/ Jan. 2007/ Jan. 2007/ Dec. 2006/ Jan. 2007/ Jan. 2007/ Dec. 2006/ Jan. 2007/ Dec. 2006 Nov. 2006 Jan. 2006 Dec. 2006 Nov. 2006 Jan. 2006 Dec. 2006 Nov. 2006 Jan. 2006 Dec. 2006 Nov. 2006 Jan. 2006 TOTAL BUSINESS -0.7 1.3 1.9 0.2 0.0 5.7 -10.3 5.5 4.1 0.8 -3.6 5.7 MANUFACTURERS -1.2 1.3 -1.5 -0.2 0.2 5.7 -6.7 0.8 -0.3 2.0 -2.7 5.5 RETAILERS 0.1 1.0 2.0 0.2 0.3 3.0 -21.9 17.4 4.2 -0.5 -6.8 2.9 MERCHANT WHOLESALERS -0.9 1.6 6.2 0.7 -0.5 9.2 -0.9 -0.8 9.4 1.0 -0.4 9.3 (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 01 2007 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Jan. 2007 Dec. 2006 Jan. 2006 Jan. 2007 Dec. 2006 Jan. 2006 Jan. 2007/ Dec. 2006/ Jan. 2007/ (p) (r) (s) (p) (r) (s) Dec. 2006 Nov. 2006 Jan. 2006 Jan. 2007 Dec. 2006 Jan. 2006 ADJUSTED 44,45 RETAIL TRADE, TOTAL 333,218 332,967 326,799 491,410 490,360 477,234 0.2 0.3 3.0 1.47 1.47 1.46 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 256,115 255,165 248,877 334,258 334,120 321,555 0.0 0.6 4.0 1.31 1.31 1.29 441 MOTOR VEHICLE AND PARTS DEALERS 77,103 77,802 77,922 157,152 156,240 155,679 0.6 -0.4 0.9 2.04 2.01 2.00 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 19,560 19,480 18,969 31,603 31,094 30,703 1.6 -0.4 2.9 1.62 1.60 1.62 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 29,034 29,095 30,431 46,226 46,642 47,011 -0.9 -1.6 -1.7 1.59 1.60 1.54 445 FOOD AND BEVERAGE STORES 46,705 46,615 44,286 34,246 34,337 33,855 -0.3 -0.4 1.2 0.73 0.74 0.76 448 CLOTHING AND ACCESSORY STORES 18,685 18,234 17,524 47,615 47,637 42,211 0.0 2.7 12.8 2.55 2.61 2.41 452 GENERAL MERCHANDISE 47,743 47,234 45,420 76,569 76,104 73,488 0.6 0.7 4.2 1.60 1.61 1.62 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 17,915 17,742 17,994 37,488 37,289 37,001 0.5 0.7 1.3 2.09 2.10 2.06 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 301,746 386,553 289,603 481,465 483,943 467,775 -0.5 -6.8 2.9 1.60 1.25 1.62 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 233,889 314,523 223,388 322,466 325,320 310,220 -0.9 -10.1 3.9 1.38 1.03 1.39 441 MOTOR VEHICLE AND PARTS DEALERS 67,857 72,030 66,215 158,999 158,623 157,555 0.2 0.7 0.9 2.34 2.20 2.38 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 18,242 27,132 17,329 30,750 30,845 29,874 -0.3 -12.5 2.9 1.69 1.14 1.72 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 23,884 25,322 24,381 45,394 45,149 46,212 0.5 -1.5 -1.8 1.90 1.78 1.90 445 FOOD AND BEVERAGE STORES 45,109 51,562 42,323 34,178 35,066 33,825 -2.5 -3.3 1.0 0.76 0.68 0.80 448 CLOTHING AND ACCESSORY STORES 14,038 31,611 12,970 43,901 43,921 38,876 0.0 -14.1 12.9 3.13 1.39 3.00 452 GENERAL MERCHANDISE 40,998 69,990 38,541 71,877 72,508 68,779 -0.9 -19.1 4.5 1.75 1.04 1.78 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 14,170 30,617 14,006 34,789 35,052 34,226 -0.8 -22.7 1.6 2.46 1.14 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 2007 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 -7,509 13,834 19,696 -0.7 1.3 1.9 MANUFACTURERS -4,607 395,766 -6,088 -1.2 0.0 -1.5 RETAILERS 251 3,229 6,419 0.1 1.0 2.0 MERCHANT WHOLESALERS -3,153 5,361 19,365 -0.9 1.6 6.2 INVENTORY TOTAL BUSINESS 3,017 652 73,458 0.2 0.0 5.7 MANUFACTURERS -864 1,122 25,876 -0.2 0.2 5.7 RETAILERS 1,050 1,433 14,176 0.2 0.3 3.0 MERCHANT WHOLESALERS 2,831 -1,903 33,406 0.7 -0.5 9.2 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 01 2007 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 1,098,322 -492 -0.04 1,066,045 -738 -0.07 MANUFACTURERS 386,470 407 0.11 395,927 -161 -0.04 RETAILERS 386,731 -178 -0.05 333,006 -39 -0.01 MERCHANT WHOLESALERS 325,121 -721 -0.22 337,112 -538 -0.16 INVENTORY TOTAL BUSINESS 1,349,034 905 0.07 1,366,352 799 0.06 MANUFACTURERS 468,889 714 0.15 482,124 773 0.16 RETAILERS 483,983 -40 -0.01 490,466 -106 -0.02 MERCHANT WHOLESALERS 396,162 231 0.06 393,762 132 0.03 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