Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 03 2007 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Mar. 2007 Feb. 2007 Mar. 2006 Mar. 2007 Feb. 2007 Mar. 2006 Mar. 2007 Feb. 2007 Mar. 2006 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 1,075,189 1,059,970 1,036,736 1,366,320 1,367,559 1,303,365 1.27 1.29 1.26 MANUFACTURERS 392,854 386,907 394,896 483,988 483,034 457,914 1.23 1.25 1.16 RETAILERS 336,013 332,929 322,295 489,098 492,452 481,793 1.46 1.48 1.49 MERCHANT WHOLESALERS 346,322 340,134 319,545 393,234 392,073 363,658 1.14 1.15 1.14 NOT ADJUSTED TOTAL BUSINESS 1,121,991 969,542 1,097,290 1,369,574 1,367,501 1,308,256 1.22 1.41 1.19 MANUFACTURERS 417,129 366,328 425,124 482,480 485,412 457,401 1.16 1.33 1.08 RETAILERS 342,022 294,356 328,162 492,445 487,445 486,031 1.44 1.66 1.48 MERCHANT WHOLESALERS 362,840 308,858 344,004 394,649 394,644 364,824 1.09 1.28 1.06 (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 2007 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Mar. 2007/ Feb. 2007/ Mar. 2007/ Mar. 2007/ Feb. 2007/ Mar. 2007/ Mar. 2007/ Feb. 2007/ Mar. 2007/ Mar. 2007/ Feb. 2007/ Mar. 2007/ Feb. 2007 Jan. 2007 Mar. 2006 Feb. 2007 Jan. 2007 Mar. 2006 Feb. 2007 Jan. 2007 Mar. 2006 Feb. 2007 Jan. 2007 Mar. 2006 TOTAL BUSINESS 1.4 0.3 3.7 -0.1 0.2 4.8 15.7 -1.4 2.3 0.2 0.9 4.7 MANUFACTURERS 1.5 -0.6 -0.5 0.2 0.0 5.7 13.9 1.9 -1.9 -0.6 1.1 5.5 RETAILERS 0.9 0.7 4.3 -0.7 0.2 1.5 16.2 -1.5 4.2 1.0 1.2 1.3 MERCHANT WHOLESALERS 1.8 1.0 8.4 0.3 0.4 8.1 17.5 -4.9 5.5 0.0 0.2 8.2 (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 2007 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Mar. 2007 Feb. 2007 Mar. 2006 Mar. 2007 Feb. 2007 Mar. 2006 Mar. 2007/ Feb. 2007/ Mar. 2007/ (p) (r) (s) (p) (r) (s) Feb. 2007 Jan. 2007 Mar. 2006 Mar. 2007 Feb. 2007 Mar. 2006 ADJUSTED 44,45 RETAIL TRADE, TOTAL 336,013 332,929 322,295 489,098 492,452 481,793 -0.7 0.2 1.5 1.46 1.48 1.49 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 258,596 255,820 247,293 336,890 338,502 325,293 -0.5 0.7 3.6 1.30 1.32 1.32 441 MOTOR VEHICLE AND PARTS DEALERS 77,417 77,109 75,002 152,208 153,950 156,500 -1.1 -1.0 -2.7 1.97 2.00 2.09 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 19,693 19,666 18,982 32,434 32,695 32,034 -0.8 0.5 1.2 1.65 1.66 1.69 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 29,429 29,143 30,778 46,954 47,334 47,394 -0.8 1.6 -0.9 1.60 1.62 1.54 445 FOOD AND BEVERAGE STORES 47,177 46,896 44,370 35,109 34,785 34,198 0.9 0.5 2.7 0.74 0.74 0.77 448 CLOTHING AND ACCESSORY STORES 18,884 18,471 17,374 49,566 50,179 45,204 -1.2 0.9 9.6 2.62 2.72 2.60 452 GENERAL MERCHANDISE 47,961 47,201 44,994 75,149 76,090 72,646 -1.2 0.4 3.4 1.57 1.61 1.61 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 17,683 17,511 17,663 36,367 37,035 35,973 -1.8 -0.2 1.1 2.06 2.11 2.04 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 342,022 294,356 328,162 492,445 487,445 486,031 1.0 1.2 1.3 1.44 1.66 1.48 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 257,056 224,159 245,447 332,989 329,145 321,719 1.2 1.6 3.5 1.30 1.47 1.31 441 MOTOR VEHICLE AND PARTS DEALERS 84,966 70,197 82,715 159,456 158,300 164,312 0.7 0.3 -3.0 1.88 2.26 1.99 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 19,140 17,698 18,468 31,396 31,028 31,009 1.2 -1.9 1.2 1.64 1.75 1.68 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 29,944 22,771 31,481 49,067 47,997 49,574 2.2 5.1 -1.0 1.64 2.11 1.57 445 FOOD AND BEVERAGE STORES 47,244 42,535 44,026 34,737 34,189 33,832 1.6 -1.1 2.7 0.74 0.80 0.77 448 CLOTHING AND ACCESSORY STORES 18,266 15,307 16,493 49,021 48,122 44,662 1.9 5.2 9.8 2.68 3.14 2.71 452 GENERAL MERCHANDISE 46,397 40,844 43,066 72,892 72,263 70,539 0.9 1.6 3.3 1.57 1.77 1.64 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 16,537 14,426 16,399 35,312 34,887 34,966 1.2 1.4 1.0 2.14 2.42 2.13 (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 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 15,219 3,552 38,453 1.4 0.3 3.7 MANUFACTURERS 5,947 386,907 -2,042 1.5 0.0 -0.5 RETAILERS 3,084 2,331 13,718 0.9 0.7 4.3 MERCHANT WHOLESALERS 6,188 3,421 26,777 1.8 1.0 8.4 INVENTORY TOTAL BUSINESS -1,239 2,670 62,955 -0.1 0.2 4.8 MANUFACTURERS 954 159 26,074 0.2 0.0 5.7 RETAILERS -3,354 862 7,305 -0.7 0.2 1.5 MERCHANT WHOLESALERS 1,161 1,649 29,576 0.3 0.4 8.1 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 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 970,818 -1,276 -0.13 1,060,456 -486 -0.05 MANUFACTURERS 366,626 -298 -0.08 387,016 -109 -0.03 RETAILERS 294,165 191 0.06 332,661 268 0.08 MERCHANT WHOLESALERS 310,027 -1,169 -0.38 340,779 -645 -0.19 INVENTORY TOTAL BUSINESS 1,367,427 74 0.01 1,368,476 -917 -0.07 MANUFACTURERS 485,135 277 0.06 482,960 74 0.02 RETAILERS 487,491 -46 -0.01 493,084 -632 -0.13 MERCHANT WHOLESALERS 394,801 -157 -0.04 392,432 -359 -0.09 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