Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 10 2004 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Oct. 2004 Sep. 2004 Oct. 2003 Oct. 2004 Sep. 2004 Oct. 2003 Oct. 2004 Sep. 2004 Oct. 2003 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 968,678 957,635 872,916 1,260,080 1,257,095 1,176,942 1.30 1.31 1.35 MANUFACTURERS 375,932 371,479 339,825 464,566 462,377 438,680 1.24 1.24 1.29 RETAILERS 310,775 308,658 286,388 472,429 475,208 446,194 1.52 1.54 1.56 MERCHANT WHOLESALERS 281,971 277,498 246,703 323,085 319,510 292,068 1.15 1.15 1.18 NOT ADJUSTED TOTAL BUSINESS 973,922 975,274 906,273 1,286,871 1,250,524 1,203,867 1.32 1.28 1.33 MANUFACTURERS 385,760 393,323 356,009 467,993 463,013 441,907 1.21 1.18 1.24 RETAILERS 304,181 299,991 286,913 492,986 470,796 466,745 1.62 1.57 1.63 MERCHANT WHOLESALERS 283,981 281,960 263,351 325,892 316,715 295,215 1.15 1.12 1.12 (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 10 2004 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Oct. 2004/ Sep. 2004/ Oct. 2004/ Oct. 2004/ Sep. 2004/ Oct. 2004/ Oct. 2004/ Sep. 2004/ Oct. 2004/ Oct. 2004/ Sep. 2004/ Oct. 2004/ Sep. 2004 Aug. 2004 Oct. 2003 Sep. 2004 Aug. 2004 Oct. 2003 Sep. 2004 Aug. 2004 Oct. 2003 Sep. 2004 Aug. 2004 Oct. 2003 TOTAL BUSINESS 1.2 0.3 11.0 0.2 0.0 7.1 -0.1 0.0 7.5 2.9 0.8 6.9 MANUFACTURERS 1.2 -1.1 10.6 0.5 0.1 5.9 -1.9 3.0 8.4 1.1 -0.6 5.9 RETAILERS 0.7 1.7 8.5 -0.6 -0.5 5.9 1.4 -3.7 6.0 4.7 2.1 5.6 MERCHANT WHOLESALERS 1.6 0.8 14.3 1.1 0.6 10.6 0.7 0.1 7.8 2.9 0.8 10.4 (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 10 2004 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Oct. 2004 Sep. 2004 Oct. 2003 Oct. 2004 Sep. 2004 Oct. 2003 Oct. 2004/ Sep. 2004/ Oct. 2004/ (p) (r) (s) (p) (r) (s) Sep. 2004 Aug. 2004 Oct. 2003 Oct. 2004 Sep. 2004 Oct. 2003 ADJUSTED 44,45 RETAIL TRADE, TOTAL 310,775 308,658 286,388 472,429 475,208 446,194 -0.6 -0.5 5.9 1.52 1.54 1.56 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 231,434 228,927 212,542 310,576 309,587 296,235 0.3 0.1 4.8 1.34 1.35 1.39 441 MOTOR VEHICLE AND PARTS DEALERS 79,341 79,731 73,846 161,853 165,621 149,959 -2.3 -1.6 7.9 2.04 2.08 2.03 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 17,341 17,288 16,597 27,595 27,992 26,934 -1.4 -1.0 2.5 1.59 1.62 1.62 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 31,298 31,294 28,174 53,696 52,778 46,422 1.7 0.3 15.7 1.72 1.69 1.65 445 FOOD AND BEVERAGE STORES 44,685 44,490 42,641 35,635 35,436 34,702 0.6 -0.2 2.7 0.80 0.80 0.81 448 CLOTHING AND ACCESSORY STORES 16,090 15,709 15,074 37,518 37,467 37,019 0.1 -0.2 1.3 2.33 2.39 2.46 452 GENERAL MERCHANDISE 42,730 42,340 39,797 69,434 69,529 67,290 -0.1 0.1 3.2 1.62 1.64 1.69 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 17,891 17,791 17,778 36,992 36,945 37,909 0.1 -0.3 -2.4 2.07 2.08 2.13 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 304,181 299,991 286,913 492,986 470,796 466,745 4.7 2.1 5.6 1.62 1.57 1.63 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 229,207 219,878 213,712 335,277 317,090 320,491 5.7 3.7 4.6 1.46 1.44 1.50 441 MOTOR VEHICLE AND PARTS DEALERS 74,974 80,113 73,201 157,709 153,706 146,254 2.6 -0.8 7.8 2.10 1.92 2.00 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 16,639 16,432 16,168 30,465 28,356 29,681 7.4 2.9 2.6 1.83 1.73 1.84 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 31,435 31,718 29,717 53,213 51,775 45,958 2.8 0.3 15.8 1.69 1.63 1.55 445 FOOD AND BEVERAGE STORES 44,472 43,594 42,657 36,721 35,381 35,754 3.8 1.6 2.7 0.83 0.81 0.84 448 CLOTHING AND ACCESSORY STORES 15,467 14,170 14,577 41,758 40,127 41,239 4.1 4.3 1.3 2.70 2.83 2.83 452 GENERAL MERCHANDISE 41,866 38,227 38,876 80,277 73,491 77,992 9.2 7.9 2.9 1.92 1.92 2.01 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 17,339 15,915 17,241 43,650 39,310 44,733 11.0 8.0 -2.4 2.52 2.47 2.59 (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 10 2004 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 11,043 3,336 95,762 1.2 0.3 11.0 MANUFACTURERS 4,453 371,479 36,107 1.2 0.0 10.6 RETAILERS 2,117 5,109 24,387 0.7 1.7 8.5 MERCHANT WHOLESALERS 4,473 2,285 35,268 1.6 0.8 14.3 INVENTORY TOTAL BUSINESS 2,985 -26 83,138 0.2 0.0 7.1 MANUFACTURERS 2,189 402 25,886 0.5 0.1 5.9 RETAILERS -2,779 -2,257 26,235 -0.6 -0.5 5.9 MERCHANT WHOLESALERS 3,575 1,829 31,017 1.1 0.6 10.6 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 10 2004 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 974,703 571 0.06 956,759 876 0.09 MANUFACTURERS 392,524 799 0.20 371,302 177 0.05 RETAILERS 300,120 -129 -0.04 308,606 52 0.02 MERCHANT WHOLESALERS 282,059 -99 -0.04 276,851 647 0.23 INVENTORY TOTAL BUSINESS 1,251,499 -975 -0.08 1,258,330 -1,235 -0.10 MANUFACTURERS 463,958 -945 -0.20 463,262 -885 -0.19 RETAILERS 470,643 153 0.03 475,767 -559 -0.12 MERCHANT WHOLESALERS 316,898 -183 -0.06 319,301 209 0.07 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 Last Revised: December 13, 2004