Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 03 2005 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Mar. 2005 Feb. 2005 Mar. 2004 Mar. 2005 Feb. 2005 Mar. 2004 Mar. 2005 Feb. 2005 Mar. 2004 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 986,022 979,038 924,456 1,294,689 1,289,116 1,200,059 1.31 1.32 1.30 MANUFACTURERS 387,341 382,305 362,925 484,084 481,287 444,579 1.25 1.26 1.22 RETAILERS 307,196 305,757 289,651 463,894 462,535 442,677 1.51 1.51 1.53 MERCHANT WHOLESALERS 291,485 290,976 271,880 346,711 345,294 312,803 1.19 1.19 1.15 NOT ADJUSTED TOTAL BUSINESS 1,039,210 901,051 975,177 1,299,690 1,290,010 1,204,715 1.25 1.43 1.24 MANUFACTURERS 411,408 363,517 390,300 482,764 484,430 443,371 1.17 1.33 1.14 RETAILERS 312,877 270,872 290,883 468,100 457,660 446,548 1.50 1.69 1.54 MERCHANT WHOLESALERS 314,925 266,662 293,994 348,826 347,920 314,796 1.11 1.30 1.07 (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 2005 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Mar. 2005/ Feb. 2005/ Mar. 2005/ Mar. 2005/ Feb. 2005/ Mar. 2005/ Mar. 2005/ Feb. 2005/ Mar. 2005/ Mar. 2005/ Feb. 2005/ Mar. 2005/ Feb. 2005 Jan. 2005 Mar. 2004 Feb. 2005 Jan. 2005 Mar. 2004 Feb. 2005 Jan. 2005 Mar. 2004 Feb. 2005 Jan. 2005 Mar. 2004 TOTAL BUSINESS 0.7 -0.5 6.7 0.4 0.5 7.9 15.3 1.6 6.6 0.8 1.2 7.9 MANUFACTURERS 1.3 -1.5 6.7 0.6 0.6 8.9 13.2 3.4 5.4 -0.3 1.8 8.9 RETAILERS 0.5 0.6 6.1 0.3 0.4 4.8 15.5 0.9 7.6 2.3 1.3 4.8 MERCHANT WHOLESALERS 0.2 -0.5 7.2 0.4 0.6 10.8 18.1 -0.1 7.1 0.3 0.3 10.8 (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 2005 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Mar. 2005 Feb. 2005 Mar. 2004 Mar. 2005 Feb. 2005 Mar. 2004 Mar. 2005/ Feb. 2005/ Mar. 2005/ (p) (r) (s) (p) (r) (s) Feb. 2005 Jan. 2005 Mar. 2004 Mar. 2005 Feb. 2005 Mar. 2004 ADJUSTED 44,45 RETAIL TRADE, TOTAL 307,196 305,757 289,651 463,894 462,535 442,677 0.3 0.4 4.8 1.51 1.51 1.53 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 231,001 230,148 216,063 308,946 308,141 290,016 0.3 0.5 6.5 1.34 1.34 1.34 441 MOTOR VEHICLE AND PARTS DEALERS 76,195 75,609 73,588 154,948 154,394 152,661 0.4 0.0 1.5 2.03 2.04 2.07 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 17,102 17,158 16,396 28,355 28,184 26,712 0.6 -0.2 6.2 1.66 1.64 1.63 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 26,801 26,306 25,417 46,120 46,118 39,779 0.0 0.2 15.9 1.72 1.75 1.57 445 FOOD AND BEVERAGE STORES 42,747 42,734 40,852 33,608 33,566 32,459 0.1 -0.2 3.5 0.79 0.79 0.79 448 CLOTHING AND ACCESSORY STORES 16,265 16,636 16,003 38,867 38,681 37,266 0.5 1.0 4.3 2.39 2.33 2.33 452 GENERAL MERCHANDISE 43,396 43,692 41,462 72,022 71,314 67,587 1.0 0.5 6.6 1.66 1.63 1.63 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 17,832 18,190 18,186 38,859 38,408 38,046 1.2 0.5 2.1 2.18 2.11 2.09 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 312,877 270,872 290,883 468,100 457,660 446,548 2.3 1.3 4.8 1.50 1.69 1.54 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 229,954 202,122 211,152 305,992 298,867 286,823 2.4 1.2 6.7 1.33 1.48 1.36 441 MOTOR VEHICLE AND PARTS DEALERS 82,923 68,750 79,731 162,108 158,793 159,725 2.1 1.6 1.5 1.95 2.31 2.00 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 16,539 15,357 15,834 27,476 26,662 25,911 3.1 -2.9 6.0 1.66 1.74 1.64 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 26,762 20,644 25,339 47,873 46,671 41,330 2.6 3.1 15.8 1.79 2.26 1.63 445 FOOD AND BEVERAGE STORES 43,298 38,659 40,111 33,341 33,057 32,227 0.9 -1.7 3.5 0.77 0.86 0.80 448 CLOTHING AND ACCESSORY STORES 15,775 13,904 14,728 38,245 36,940 36,595 3.5 4.7 4.5 2.42 2.66 2.48 452 GENERAL MERCHANDISE 41,611 37,515 38,621 70,615 67,111 66,092 5.2 1.7 6.8 1.70 1.79 1.71 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 16,561 14,915 16,470 38,082 35,719 37,171 6.6 2.0 2.5 2.30 2.39 2.26 (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 2005 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 6,984 -5,261 61,566 0.7 -0.5 6.7 MANUFACTURERS 5,036 382,305 24,416 1.3 0.0 6.7 RETAILERS 1,439 1,824 17,545 0.5 0.6 6.1 MERCHANT WHOLESALERS 509 -1,454 19,605 0.2 -0.5 7.2 INVENTORY TOTAL BUSINESS 5,573 6,768 94,630 0.4 0.5 7.9 MANUFACTURERS 2,797 2,936 39,505 0.6 0.6 8.9 RETAILERS 1,359 1,664 21,217 0.3 0.4 4.8 MERCHANT WHOLESALERS 1,417 2,168 33,908 0.4 0.6 10.8 (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 2005 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 901,698 -647 -0.07 980,824 -1,786 -0.18 MANUFACTURERS 364,497 -980 -0.27 384,290 -1,985 -0.52 RETAILERS 270,734 138 0.05 305,173 584 0.19 MERCHANT WHOLESALERS 266,467 195 0.07 291,361 -385 -0.13 INVENTORY TOTAL BUSINESS 1,289,906 104 0.01 1,288,309 807 0.06 MANUFACTURERS 484,433 -3 -0.00 480,958 329 0.07 RETAILERS 457,554 106 0.02 462,241 294 0.06 MERCHANT WHOLESALERS 347,919 1 0.00 345,110 184 0.05 (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