Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 03 2008 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Mar. 2008 Feb. 2008 Mar. 2007 Mar. 2008 Feb. 2008 Mar. 2007 Mar. 2008 Feb. 2008 Mar. 2007 (p) (r) (s) (p) (r) (s) ADJUSTED TOTAL BUSINESS 1,154,278 1,142,650 1,085,554 1,465,083 1,463,089 1,393,209 1.27 1.28 1.28 MANUFACTURERS 428,689 423,834 409,337 544,287 539,267 511,098 1.27 1.27 1.25 RETAILERS 341,247 340,599 334,880 500,024 502,744 488,131 1.47 1.48 1.46 MERCHANT WHOLESALERS 384,342 378,217 341,337 420,772 421,078 393,980 1.09 1.11 1.15 NOT ADJUSTED TOTAL BUSINESS 1,171,843 1,082,418 1,128,792 1,468,995 1,467,254 1,395,546 1.25 1.36 1.24 MANUFACTURERS 442,467 411,172 432,536 542,981 541,379 509,220 1.23 1.32 1.18 RETAILERS 340,256 313,244 339,574 502,024 498,312 490,358 1.48 1.59 1.44 MERCHANT WHOLESALERS 389,120 358,002 356,682 423,990 427,563 395,968 1.09 1.19 1.11 (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 2008 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Mar. 2008/ Feb. 2008/ Mar. 2008/ Mar. 2008/ Feb. 2008/ Mar. 2008/ Mar. 2008/ Feb. 2008/ Mar. 2008/ Mar. 2008/ Feb. 2008/ Mar. 2008/ Feb. 2008 Jan. 2008 Mar. 2007 Feb. 2008 Jan. 2008 Mar. 2007 Feb. 2008 Jan. 2008 Mar. 2007 Feb. 2008 Jan. 2008 Mar. 2007 TOTAL BUSINESS 1.0 -1.0 6.3 0.1 0.5 5.2 8.3 0.2 3.8 0.1 1.2 5.3 MANUFACTURERS 1.1 -1.9 4.7 0.9 0.7 6.5 7.6 3.0 2.3 0.3 1.6 6.6 RETAILERS 0.2 -0.5 1.9 -0.5 -0.1 2.4 8.6 0.4 0.2 0.7 0.8 2.4 MERCHANT WHOLESALERS 1.6 -0.5 12.6 -0.1 0.9 6.8 8.7 -3.1 9.1 -0.8 1.1 7.1 (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 2008 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Mar. 2008 Feb. 2008 Mar. 2007 Mar. 2008 Feb. 2008 Mar. 2007 Mar. 2008/ Feb. 2008/ Mar. 2008/ (p) (r) (s) (p) (r) (s) Feb. 2008 Jan. 2008 Mar. 2007 Mar. 2008 Feb. 2008 Mar. 2007 ADJUSTED 44,45 RETAIL TRADE, TOTAL 341,247 340,599 334,880 500,024 502,744 488,131 -0.5 -0.1 2.4 1.47 1.48 1.46 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 267,210 266,183 257,692 342,762 344,103 336,605 -0.4 -0.2 1.8 1.28 1.29 1.31 441 MOTOR VEHICLE AND PARTS DEALERS 74,037 74,416 77,188 157,262 158,641 151,526 -0.9 0.1 3.8 2.12 2.13 1.96 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 18,871 18,848 19,198 32,531 32,828 32,295 -0.9 -0.9 0.7 1.72 1.74 1.68 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 26,608 27,020 28,765 50,093 49,984 47,922 0.2 0.0 4.5 1.88 1.85 1.67 445 FOOD AND BEVERAGE STORES 48,546 48,179 45,997 36,948 36,796 35,056 0.4 0.5 5.4 0.76 0.76 0.76 448 CLOTHING AND ACCESSORY STORES 18,892 18,752 19,008 46,325 46,774 47,890 -1.0 -0.7 -3.3 2.45 2.49 2.52 452 GENERAL MERCHANDISE 49,103 49,065 47,950 75,647 76,485 76,582 -1.1 -0.3 -1.2 1.54 1.56 1.60 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 16,989 17,050 17,807 36,442 36,903 37,352 -1.2 -0.3 -2.4 2.15 2.16 2.10 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 340,256 313,244 339,574 502,024 498,312 490,358 0.7 0.8 2.4 1.48 1.59 1.44 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 262,088 243,004 255,139 338,373 335,342 332,233 0.9 0.6 1.8 1.29 1.38 1.30 441 MOTOR VEHICLE AND PARTS DEALERS 78,168 70,240 84,435 163,651 162,970 158,125 0.4 1.4 3.5 2.09 2.32 1.87 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 17,833 17,679 18,627 31,425 31,219 31,197 0.7 -3.5 0.7 1.76 1.77 1.67 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 25,698 21,783 28,657 52,247 50,634 49,983 3.2 3.3 4.5 2.03 2.32 1.74 445 FOOD AND BEVERAGE STORES 48,578 45,351 46,184 36,545 36,124 34,680 1.2 -1.4 5.4 0.75 0.80 0.75 448 CLOTHING AND ACCESSORY STORES 18,119 16,128 18,244 45,769 44,997 47,315 1.7 3.1 -3.3 2.53 2.79 2.59 452 GENERAL MERCHANDISE 47,954 44,205 46,215 73,246 72,993 74,180 0.3 1.3 -1.3 1.53 1.65 1.61 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 16,017 14,490 16,547 35,021 34,836 35,970 0.5 1.4 -2.6 2.19 2.40 2.17 (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 2008 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 11,628 -11,888 68,724 1.0 -1.0 6.3 MANUFACTURERS 4,855 423,834 19,352 1.1 0.0 4.7 RETAILERS 648 -1,779 6,367 0.2 -0.5 1.9 MERCHANT WHOLESALERS 6,125 -2,013 43,005 1.6 -0.5 12.6 INVENTORY TOTAL BUSINESS 1,994 7,105 71,874 0.1 0.5 5.2 MANUFACTURERS 5,020 3,739 33,189 0.9 0.7 6.5 RETAILERS -2,720 -569 11,893 -0.5 -0.1 2.4 MERCHANT WHOLESALERS -306 3,935 26,792 -0.1 0.9 6.8 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 2008 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 1,083,023 -605 -0.06 1,142,833 -183 -0.02 MANUFACTURERS 410,676 496 0.12 422,952 882 0.21 RETAILERS 314,663 -1,419 -0.45 342,530 -1,931 -0.56 MERCHANT WHOLESALERS 357,684 318 0.09 377,351 866 0.23 INVENTORY TOTAL BUSINESS 1,471,663 -4,409 -0.30 1,468,430 -5,341 -0.36 MANUFACTURERS 541,318 61 0.01 538,367 900 0.17 RETAILERS 502,564 -4,252 -0.85 508,188 -5,444 -1.07 MERCHANT WHOLESALERS 427,781 -218 -0.05 421,875 -797 -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