Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 09 2003 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Sep. 2003 Aug. 2003 Sep. 2002 Sep. 2003 Aug. 2003 Sep. 2002 Sep. 2003 Aug. 2003 Sep. 2002 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 866,265 861,312 828,278 1,177,216 1,173,573 1,159,217 1.36 1.36 1.40 MANUFACTURERS 336,164 331,676 326,165 437,768 439,632 443,595 1.30 1.33 1.36 RETAILERS 289,362 290,121 270,361 449,671 445,224 428,436 1.55 1.53 1.58 MERCHANT WHOLESALERS 240,739 239,515 231,752 289,777 288,717 287,186 1.20 1.21 1.24 NOT ADJUSTED TOTAL BUSINESS 884,034 873,719 830,242 1,170,968 1,156,653 1,153,948 1.32 1.32 1.39 MANUFACTURERS 357,094 335,985 343,319 437,869 443,020 443,808 1.23 1.32 1.29 RETAILERS 279,350 299,455 256,479 445,929 429,033 425,816 1.60 1.43 1.66 MERCHANT WHOLESALERS 247,590 238,279 230,444 287,170 284,600 284,324 1.16 1.19 1.23 (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 09 2003 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Sep. 2003/ Aug. 2003/ Sep. 2003/ Sep. 2003/ Aug. 2003/ Sep. 2003/ Sep. 2003/ Aug. 2003/ Sep. 2003/ Sep. 2003/ Aug. 2003/ Sep. 2003/ Aug. 2003 Jul. 2003 Sep. 2002 Aug. 2003 Jul. 2003 Sep. 2002 Aug. 2003 Jul. 2003 Sep. 2002 Aug. 2003 Jul. 2003 Sep. 2002 TOTAL BUSINESS 0.6 -0.3 4.6 0.3 -0.4 1.6 1.2 3.0 6.5 1.2 -0.6 1.5 MANUFACTURERS 1.4 -1.7 3.1 -0.4 -0.3 -1.3 6.3 8.4 4.0 -1.2 0.2 -1.3 RETAILERS -0.3 0.9 7.0 1.0 -0.7 5.0 -6.7 2.0 8.9 3.9 -1.1 4.7 MERCHANT WHOLESALERS 0.5 0.2 3.9 0.4 -0.1 0.9 3.9 -2.5 7.4 0.9 -1.1 1.0 (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 09 2003 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Sep. 2003 Aug. 2003 Sep. 2002 Sep. 2003 Aug. 2003 Sep. 2002 Sep. 2003/ Aug. 2003/ Sep. 2003/ (p) (r) (s) (p) (r) (s) Aug. 2003 Jul. 2003 Sep. 2002 Sep. 2003 Aug. 2003 Sep. 2002 ADJUSTED 44,45 RETAIL TRADE, TOTAL 289,362 290,121 270,361 449,671 445,224 428,436 1.0 -0.7 5.0 1.55 1.53 1.58 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 213,417 212,506 199,484 295,451 293,228 287,618 0.8 0.1 2.7 1.38 1.38 1.44 441 MOTOR VEHICLE AND PARTS DEALERS 75,945 77,615 70,877 154,220 151,996 140,818 1.5 -2.1 9.5 2.03 1.96 1.99 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 16,738 16,620 15,390 27,557 27,393 26,304 0.6 0.6 4.8 1.65 1.65 1.71 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 27,790 27,433 25,217 46,292 45,328 42,293 2.1 1.3 9.5 1.67 1.65 1.68 445 FOOD AND BEVERAGE STORES 42,892 42,781 40,855 34,951 34,800 34,290 0.4 0.3 1.9 0.81 0.81 0.84 448 CLOTHING AND ACCESSORY STORES 15,126 14,989 13,860 36,689 36,749 35,706 -0.2 0.4 2.8 2.43 2.45 2.58 452 GENERAL MERCHANDISE 40,534 40,436 37,925 66,547 65,892 65,166 1.0 -0.7 2.1 1.64 1.63 1.72 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 18,457 18,482 18,577 36,329 36,141 38,006 0.5 -0.5 -4.4 1.97 1.96 2.05 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 279,350 299,455 256,479 445,929 429,033 425,816 3.9 -1.1 4.7 1.60 1.43 1.66 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 203,546 215,827 188,183 303,203 290,029 295,156 4.5 1.0 2.7 1.49 1.34 1.57 441 MOTOR VEHICLE AND PARTS DEALERS 75,804 83,628 68,296 142,726 139,004 130,660 2.7 -5.2 9.2 1.88 1.66 1.91 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 15,918 16,886 14,368 27,915 26,708 26,620 4.5 0.6 4.9 1.75 1.58 1.85 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 28,187 27,940 24,760 45,505 44,240 41,532 2.9 0.4 9.6 1.61 1.58 1.68 445 FOOD AND BEVERAGE STORES 41,327 43,758 39,234 34,769 33,939 34,111 2.4 0.1 1.9 0.84 0.78 0.87 448 CLOTHING AND ACCESSORY STORES 13,563 15,443 12,418 39,257 37,668 38,205 4.2 3.1 2.8 2.89 2.44 3.08 452 GENERAL MERCHANDISE 35,802 40,781 33,847 70,619 64,740 69,141 9.1 1.4 2.1 1.97 1.59 2.04 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 15,890 18,447 16,231 38,799 35,346 40,514 9.8 1.9 -4.2 2.44 1.92 2.50 (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 09 2003 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 4,953 -2,420 37,987 0.6 -0.3 4.6 MANUFACTURERS 4,488 331,676 9,999 1.4 0.0 3.1 RETAILERS -759 2,556 19,001 -0.3 0.9 7.0 MERCHANT WHOLESALERS 1,224 596 8,987 0.5 0.2 3.9 INVENTORY TOTAL BUSINESS 3,643 -4,569 17,999 0.3 -0.4 1.6 MANUFACTURERS -1,864 -1,135 -5,827 -0.4 -0.3 -1.3 RETAILERS 4,447 -3,090 21,235 1.0 -0.7 5.0 MERCHANT WHOLESALERS 1,060 -344 2,591 0.4 -0.1 0.9 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 09 2003 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 874,923 -1,204 -0.14 861,854 -542 -0.06 MANUFACTURERS 336,403 -418 -0.12 331,254 422 0.13 RETAILERS 299,571 -116 -0.04 290,658 -537 -0.18 MERCHANT WHOLESALERS 238,949 -670 -0.28 239,942 -427 -0.18 INVENTORY TOTAL BUSINESS 1,156,403 250 0.02 1,173,218 355 0.03 MANUFACTURERS 442,960 60 0.01 439,707 -75 -0.02 RETAILERS 428,868 165 0.04 444,922 302 0.07 MERCHANT WHOLESALERS 284,575 25 0.01 288,589 128 0.04 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