Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 12 2007 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Dec. 2007 Nov. 2007 Dec. 2006 Dec. 2007 Nov. 2007 Dec. 2006 Dec. 2007 Nov. 2007 Dec. 2006 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 1,147,301 1,153,249 1,082,192 1,444,886 1,436,585 1,388,739 1.26 1.25 1.28 MANUFACTURERS 427,505 428,709 410,506 528,097 524,145 509,902 1.24 1.22 1.24 RETAILERS 343,150 345,270 331,128 505,189 505,512 490,932 1.47 1.46 1.48 MERCHANT WHOLESALERS 376,646 379,270 340,558 411,600 406,928 387,905 1.09 1.07 1.14 NOT ADJUSTED TOTAL BUSINESS 1,172,375 1,147,133 1,111,833 1,428,479 1,471,507 1,370,758 1.22 1.28 1.23 MANUFACTURERS 415,800 421,566 400,230 514,081 524,923 496,115 1.24 1.25 1.24 RETAILERS 394,454 347,509 384,218 498,691 536,666 484,344 1.26 1.54 1.26 MERCHANT WHOLESALERS 362,121 378,058 327,385 415,707 409,918 390,299 1.15 1.08 1.19 (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 12 2007 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Dec. 2007/ Nov. 2007/ Dec. 2007/ Dec. 2007/ Nov. 2007/ Dec. 2007/ Dec. 2007/ Nov. 2007/ Dec. 2007/ Dec. 2007/ Nov. 2007/ Dec. 2007/ Nov. 2007 Oct. 2007 Dec. 2006 Nov. 2007 Oct. 2007 Dec. 2006 Nov. 2007 Oct. 2007 Dec. 2006 Nov. 2007 Oct. 2007 Dec. 2006 TOTAL BUSINESS -0.5 1.4 6.0 0.6 0.4 4.0 2.2 -2.0 5.4 -2.9 1.0 4.2 MANUFACTURERS -0.3 1.3 4.1 0.8 0.7 3.6 -1.4 -3.5 3.9 -2.1 0.2 3.6 RETAILERS -0.6 0.9 3.6 -0.1 -0.3 2.9 13.5 3.2 2.7 -7.1 1.6 3.0 MERCHANT WHOLESALERS -0.7 1.9 10.6 1.1 0.8 6.1 -4.2 -4.9 10.6 1.4 1.1 6.5 (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 12 2007 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Dec. 2007 Nov. 2007 Dec. 2006 Dec. 2007 Nov. 2007 Dec. 2006 Dec. 2007/ Nov. 2007/ Dec. 2007/ (p) (r) (s) (p) (r) (s) Nov. 2007 Oct. 2007 Dec. 2006 Dec. 2007 Nov. 2007 Dec. 2006 ADJUSTED 44,45 RETAIL TRADE, TOTAL 343,150 345,270 331,128 505,189 505,512 490,932 -0.1 -0.3 2.9 1.47 1.46 1.48 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 266,864 268,146 253,789 346,395 344,060 335,812 0.7 -0.4 3.2 1.30 1.28 1.32 441 MOTOR VEHICLE AND PARTS DEALERS 76,286 77,124 77,339 158,794 161,452 155,120 -1.6 0.0 2.4 2.08 2.09 2.01 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 19,422 19,823 19,587 33,619 33,794 32,092 -0.5 -0.9 4.8 1.73 1.70 1.64 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 28,701 29,431 29,466 49,091 48,923 46,989 0.3 0.2 4.5 1.71 1.66 1.59 445 FOOD AND BEVERAGE STORES 48,970 48,731 46,355 36,312 36,271 34,630 0.1 0.1 4.9 0.74 0.74 0.75 448 CLOTHING AND ACCESSORY STORES 18,518 18,953 18,455 49,506 49,258 49,674 0.5 -0.1 -0.3 2.67 2.60 2.69 452 GENERAL MERCHANDISE 48,833 48,731 47,083 75,742 75,080 75,423 0.9 -1.7 0.4 1.55 1.54 1.60 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 17,236 17,307 17,653 36,481 36,145 36,924 0.9 -3.3 -1.2 2.12 2.09 2.09 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 394,454 347,509 384,218 498,691 536,666 484,344 -7.1 1.6 3.0 1.26 1.54 1.26 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 324,030 278,967 312,713 337,277 373,549 326,684 -9.7 0.6 3.2 1.04 1.34 1.04 441 MOTOR VEHICLE AND PARTS DEALERS 70,424 68,542 71,505 161,414 163,117 157,660 -1.0 4.1 2.4 2.29 2.38 2.20 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 27,137 22,334 27,503 33,216 38,120 31,739 -12.9 2.7 4.7 1.22 1.71 1.15 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 24,731 28,760 25,517 47,275 47,357 45,297 -0.2 -1.3 4.4 1.91 1.65 1.78 445 FOOD AND BEVERAGE STORES 53,704 49,073 51,270 37,102 38,338 35,397 -3.2 2.5 4.8 0.69 0.78 0.69 448 CLOTHING AND ACCESSORY STORES 31,240 20,877 31,655 45,793 54,135 45,849 -15.4 -0.4 -0.1 1.47 2.59 1.45 452 GENERAL MERCHANDISE 71,366 54,182 69,899 71,986 88,336 71,708 -18.5 0.6 0.4 1.01 1.63 1.03 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 29,610 20,899 30,568 34,256 43,989 34,672 -22.1 -0.7 -1.2 1.16 2.10 1.13 (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 12 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 -5,948 15,618 65,109 -0.5 1.4 6.0 MANUFACTURERS -1,204 428,709 16,999 -0.3 0.0 4.1 RETAILERS -2,120 2,975 12,022 -0.6 0.9 3.6 MERCHANT WHOLESALERS -2,624 7,058 36,088 -0.7 1.9 10.6 INVENTORY TOTAL BUSINESS 8,301 5,452 56,147 0.6 0.4 4.0 MANUFACTURERS 3,952 3,653 18,195 0.8 0.7 3.6 RETAILERS -323 -1,352 14,257 -0.1 -0.3 2.9 MERCHANT WHOLESALERS 4,672 3,151 23,695 1.1 0.8 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 12 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 1,147,637 -504 -0.04 1,156,060 -2,811 -0.24 MANUFACTURERS 421,939 -373 -0.09 429,357 -648 -0.15 RETAILERS 347,688 -179 -0.05 346,352 -1,082 -0.31 MERCHANT WHOLESALERS 378,010 48 0.01 380,351 -1,081 -0.28 INVENTORY TOTAL BUSINESS 1,472,259 -752 -0.05 1,436,703 -118 -0.01 MANUFACTURERS 525,617 -694 -0.13 524,420 -275 -0.05 RETAILERS 536,688 -22 -0.00 506,130 -618 -0.12 MERCHANT WHOLESALERS 409,954 -36 -0.01 406,153 775 0.19 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