Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 03 2002 1 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Mar. 2002 Feb. 2002 Mar. 2001 Mar. 2002 Feb. 2002 Mar. 2001 Mar. 2002 Feb. 2002 Mar. 2001 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 810,618 808,300 826,313 1,117,372 1,120,440 1,188,036 1.38 1.39 1.44 MANUFACTURERS 317,495 315,152 338,754 431,487 434,239 472,074 1.36 1.38 1.39 RETAILERS 268,566 268,410 259,189 401,441 401,693 412,933 1.49 1.50 1.59 MERCHANT WHOLESALERS 224,557 224,738 228,370 284,444 284,508 303,029 1.27 1.27 1.33 NOT ADJUSTED TOTAL BUSINESS 831,247 748,102 860,202 1,115,972 1,118,760 1,186,903 1.34 1.50 1.38 MANUFACTURERS 336,313 305,353 360,346 428,681 436,626 469,091 1.27 1.43 1.30 RETAILERS 267,132 237,126 260,835 403,018 396,754 414,682 1.51 1.67 1.59 MERCHANT WHOLESALERS 227,802 205,623 239,021 284,273 285,380 303,130 1.25 1.39 1.27 (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 2002 1 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Mar. 2002/ Feb. 2002/ Mar. 2002/ Mar. 2002/ Feb. 2002/ Mar. 2002/ Mar. 2002/ Feb. 2002/ Mar. 2002/ Mar. 2002/ Feb. 2002/ Mar. 2002/ Feb. 2002 Jan. 2002 Mar. 2001 Feb. 2002 Jan. 2002 Mar. 2001 Feb. 2002 Jan. 2002 Mar. 2001 Feb. 2002 Jan. 2002 Mar. 2001 TOTAL BUSINESS 0.3 -0.8 -1.9 -0.3 -0.2 -5.9 11.1 0.1 -3.4 -0.2 0.2 -6.0 MANUFACTURERS 0.7 -2.9 -6.3 -0.6 -0.5 -8.6 10.1 4.5 -6.7 -1.8 0.4 -8.6 RETAILERS 0.1 0.5 3.6 -0.1 0.6 -2.8 12.7 -1.0 2.4 1.6 1.5 -2.8 MERCHANT WHOLESALERS -0.1 0.8 -1.7 0.0 -0.9 -6.1 10.8 -4.6 -4.7 -0.4 -1.8 -6.2 (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 2002 1 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Mar. 2002 Feb. 2002 Mar. 2001 Mar. 2002 Feb. 2002 Mar. 2001 Mar. 2002/ Feb. 2002/ Mar. 2002/ (p) (r) (s) (p) (r) (s) Feb. 2002 Jan. 2002 Mar. 2001 Mar. 2002 Feb. 2002 Mar. 2001 ADJUSTED 44,45 RETAIL TRADE, TOTAL 268,566 268,410 259,189 401,441 401,693 412,933 -0.1 0.6 -2.8 1.49 1.50 1.59 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 197,505 196,759 190,328 280,141 280,378 285,974 -0.1 -0.1 -2.0 1.42 1.42 1.50 441 MOTOR VEHICLE AND PARTS DEALERS 71,061 71,651 68,861 121,300 121,315 126,959 0.0 2.3 -4.5 1.71 1.69 1.84 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 15,537 15,542 14,614 25,532 25,492 25,373 0.2 0.3 0.6 1.64 1.64 1.74 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 25,830 25,396 24,378 40,894 40,330 40,646 1.4 0.7 0.6 1.58 1.59 1.67 445 FOOD AND BEVERAGE STORES 40,111 40,179 38,979 33,359 33,504 33,342 -0.4 -0.2 0.1 0.83 0.83 0.86 448 CLOTHING AND ACCESSORY STORES 14,639 14,686 14,165 33,023 33,215 35,462 -0.6 -2.0 -6.9 2.26 2.26 2.50 452 GENERAL MERCHANDISE 37,965 37,917 34,511 63,875 64,369 66,837 -0.8 0.0 -4.4 1.68 1.70 1.94 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 19,284 19,373 18,853 40,152 40,514 43,131 -0.9 0.0 -6.9 2.08 2.09 2.29 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 267,132 237,126 260,835 403,018 396,754 414,682 1.6 1.5 -2.8 1.51 1.67 1.59 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 193,085 170,526 186,189 276,260 271,374 281,943 1.8 0.7 -2.0 1.43 1.59 1.51 441 MOTOR VEHICLE AND PARTS DEALERS 74,047 66,600 74,646 126,758 125,380 132,739 1.1 3.3 -4.5 1.71 1.88 1.78 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 15,151 14,068 14,482 25,047 24,447 24,815 2.5 -0.9 0.9 1.65 1.74 1.71 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 23,860 20,152 23,415 42,407 40,572 42,109 4.5 3.4 0.7 1.78 2.01 1.80 445 FOOD AND BEVERAGE STORES 40,677 36,216 39,063 33,164 33,137 33,168 0.1 -1.6 0.0 0.82 0.91 0.85 448 CLOTHING AND ACCESSORY STORES 14,168 11,887 13,199 32,197 31,455 34,611 2.4 2.0 -7.0 2.27 2.65 2.63 452 GENERAL MERCHANDISE 36,607 31,444 32,352 61,855 60,631 64,784 2.0 2.7 -4.5 1.69 1.93 2.00 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 18,291 15,408 17,308 38,867 37,921 41,837 2.5 2.9 -7.1 2.12 2.46 2.42 (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 2002 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 2,318 -6,205 -15,695 0.3 -0.8 -1.9 MANUFACTURERS 2,343 315,152 -21,259 0.7 0.0 -6.3 RETAILERS 156 1,408 9,377 0.1 0.5 3.6 MERCHANT WHOLESALERS -181 1,715 -3,813 -0.1 0.8 -1.7 INVENTORY TOTAL BUSINESS -3,068 -2,359 -70,664 -0.3 -0.2 -5.9 MANUFACTURERS -2,752 -2,297 -40,587 -0.6 -0.5 -8.6 RETAILERS -252 2,424 -11,492 -0.1 0.6 -2.8 MERCHANT WHOLESALERS -64 -2,486 -18,585 0.0 -0.9 -6.1 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 2002 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 757,782 -9,680 -1.28 817,936 -9,636 -1.18 MANUFACTURERS 311,894 -6,541 -2.10 321,944 -6,792 -2.11 RETAILERS 238,328 -1,202 -0.50 268,961 -551 -0.20 MERCHANT WHOLESALERS 207,560 -1,937 -0.93 227,031 -2,293 -1.01 INVENTORY TOTAL BUSINESS 1,129,825 -11,065 -0.98 1,132,705 -12,265 -1.08 MANUFACTURERS 444,161 -7,535 -1.70 441,761 -7,522 -1.70 RETAILERS 399,856 -3,102 -0.78 405,827 -4,134 -1.02 MERCHANT WHOLESALERS 285,808 -428 -0.15 285,117 -609 -0.21 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