Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 12 2008 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Dec. 2008 Nov. 2008 Dec. 2007 Dec. 2008 Nov. 2008 Dec. 2007 Dec. 2008 Nov. 2008 Dec. 2007 (p) (r) (r) (p) (r) (r) (p) (r) (r) ADJUSTED TOTAL BUSINESS 1,016,643 1,050,629 1,152,382 1,460,523 1,479,752 1,446,870 1.44 1.41 1.26 MANUFACTURERS 377,642 388,928 433,063 544,301 552,253 530,664 1.44 1.42 1.23 RETAILERS 302,935 313,152 343,078 488,726 493,785 502,777 1.61 1.58 1.47 MERCHANT WHOLESALERS 336,066 348,549 376,241 427,496 433,714 413,429 1.27 1.24 1.10 NOT ADJUSTED TOTAL BUSINESS 1,061,959 1,002,108 1,168,165 1,438,418 1,512,448 1,427,002 1.35 1.51 1.22 MANUFACTURERS 370,041 372,138 420,528 529,521 552,910 515,952 1.43 1.49 1.23 RETAILERS 354,751 306,489 391,457 480,642 524,519 494,978 1.35 1.71 1.26 MERCHANT WHOLESALERS 337,167 323,481 356,180 428,255 435,019 416,072 1.27 1.34 1.17 (p) preliminary. (r) revised. Table 2. PERCENT CHANGES FOR SALES AND INVENTORIES - MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 12 2008 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Dec. 2008/ Nov. 2008/ Dec. 2008/ Dec. 2008/ Nov. 2008/ Dec. 2008/ Dec. 2008/ Nov. 2008/ Dec. 2008/ Dec. 2008/ Nov. 2008/ Dec. 2008/ Nov. 2008 Oct. 2008 Dec. 2007 Nov. 2008 Oct. 2008 Dec. 2007 Nov. 2008 Oct. 2008 Dec. 2007 Nov. 2008 Oct. 2008 Dec. 2007 TOTAL BUSINESS -3.2 -5.7 -11.8 -1.3 -1.1 0.9 6.0 -12.8 -9.1 -4.9 -0.7 0.8 MANUFACTURERS -2.9 -6.5 -12.8 -1.4 -0.5 2.6 -0.6 -13.7 -12.0 -4.2 -1.1 2.6 RETAILERS -3.3 -2.7 -11.7 -1.0 -1.8 -2.8 15.7 -3.9 -9.4 -8.4 -0.2 -2.9 MERCHANT WHOLESALERS -3.6 -7.3 -10.7 -1.4 -0.9 3.4 4.2 -18.9 -5.3 -1.6 -0.9 2.9 (p) preliminary. (r) revised. Table 3. ESTIMATED MONTHLY RETAIL SALES, INVENTORIES, AND INVENTORIES/SALES RATIOS, BY KIND OF BUSINESS DATA MONTH 12 2008 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Dec. 2008 Nov. 2008 Dec. 2007 Dec. 2008 Nov. 2008 Dec. 2007 Dec. 2008/ Nov. 2008/ Dec. 2008/ Dec. 2008 Nov. 2008 Dec. 2007 (p) (r) (r) (p) (r) (r) Nov. 2008 Oct. 2008 Dec. 2007 (p) (r) (r) ADJUSTED 44,45 RETAIL TRADE, TOTAL 302,935 313,152 343,078 488,726 493,785 502,777 -1.0 -1.8 -2.8 1.61 1.58 1.47 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 245,211 254,227 266,550 338,983 342,257 344,249 -1.0 -1.5 -1.5 1.38 1.35 1.29 441 MOTOR VEHICLE AND PARTS DEALERS 57,724 58,925 76,528 149,743 151,528 158,528 -1.2 -2.6 -5.5 2.59 2.57 2.07 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 16,878 17,538 19,125 31,254 31,637 33,063 -1.2 -6.1 -5.5 1.85 1.80 1.73 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 25,059 25,657 27,454 49,978 50,997 49,490 -2.0 -0.5 1.0 1.99 1.99 1.80 445 FOOD AND BEVERAGE STORES 48,293 49,447 48,018 37,861 38,109 36,595 -0.7 -0.3 3.5 0.78 0.77 0.76 448 CLOTHING AND ACCESSORY STORES 16,910 17,617 18,777 46,096 46,393 47,282 -0.6 -0.6 -2.5 2.73 2.63 2.52 452 GENERAL MERCHANDISE 49,167 49,765 49,274 74,258 75,120 76,280 -1.1 -1.2 -2.7 1.51 1.51 1.55 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 16,128 16,467 17,330 33,740 34,459 37,033 -2.1 -3.2 -8.9 2.09 2.09 2.14 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 354,751 306,489 391,457 480,642 524,519 494,978 -8.4 -0.2 -2.9 1.35 1.71 1.26 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 300,352 256,724 321,593 329,656 371,502 334,770 -11.3 -0.5 -1.5 1.10 1.45 1.04 441 MOTOR VEHICLE AND PARTS DEALERS 54,399 49,765 69,864 150,986 153,017 160,208 -1.3 0.5 -5.8 2.78 3.07 2.29 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 23,715 19,348 26,464 31,035 35,781 32,798 -13.3 -2.8 -5.4 1.31 1.85 1.24 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 22,271 23,374 23,429 47,929 49,518 47,510 -3.2 -1.5 0.9 2.15 2.12 2.03 445 FOOD AND BEVERAGE STORES 52,514 49,444 52,470 38,743 40,281 37,413 -3.8 1.7 3.6 0.74 0.81 0.71 448 CLOTHING AND ACCESSORY STORES 27,445 19,185 31,235 42,869 51,264 43,925 -16.4 -0.6 -2.4 1.56 2.67 1.41 452 GENERAL MERCHANDISE 69,687 54,754 71,346 70,295 88,222 72,301 -20.3 0.9 -2.8 1.01 1.61 1.01 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 27,505 19,634 29,700 31,479 41,868 34,663 -24.8 -1.6 -9.2 1.14 2.13 1.17 (p) preliminary. (r) revised. Table 4. ADJUSTED MTIS DOLLAR AND PERCENT CHANGES DATA MONTH 12 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 -33,986 -63,300 -135739 -3.2 -5.7 -11.8 MANUFACTURERS -11,286 388,928 -55,421 -2.9 0.0 -12.8 RETAILERS -10,217 -8,813 -40,143 -3.3 -2.7 -11.7 MERCHANT WHOLESALERS -12,483 -27,515 -40,175 -3.6 -7.3 -10.7 INVENTORY TOTAL BUSINESS -19,229 -15,917 13,653 -1.3 -1.1 0.9 MANUFACTURERS -7,952 -2,737 13,637 -1.4 -0.5 2.6 RETAILERS -5,059 -9,170 -14,051 -1.0 -1.8 -2.8 MERCHANT WHOLESALERS -6,218 -4,010 14,067 -1.4 -0.9 3.4 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 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 1,005,275 -3,167 -0.32 1,056,965 -6,336 -0.60 MANUFACTURERS 375,693 -3,555 -0.95 393,795 -4,867 -1.24 RETAILERS 306,811 -322 -0.10 313,925 -773 -0.25 MERCHANT WHOLESALERS 322,771 710 0.22 349,245 -696 -0.20 INVENTORY TOTAL BUSINESS 1,515,208 -2,760 -0.18 1,485,054 -5,302 -0.36 MANUFACTURERS 553,947 -1,037 -0.19 553,426 -1,173 -0.21 RETAILERS 525,817 -1,298 -0.25 496,622 -2,837 -0.57 MERCHANT WHOLESALERS 435,444 -425 -0.10 435,006 -1,292 -0.30 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