Images (63)
Document
| id |
id
506673036
|
|---|---|
| contentType |
contentType
document
|
| source |
source
import
|
Source image fields (6)
Extracted text
OCR Page 1 of 63THE CHAIRMAN OF THE
COUNCIL OF ECONOMIC ADVISERS
WASHINGTON
THE PRODUCER i
HAS SEEN
December 10, 1971
MEMORANDUM FOR THE PRESIDENT
Subject: Business Sales and Inventories in October
Combined sales of manufacturers, wholesalers and
retailers declined 0.8 percent after seasonal adjustment
from September to October. These sales had risen 0.5
percent in September and 0.3 percent in August.
There was an important revision in the retail figures.
The preliminary retail report for October published last
month showed a rise of 0.3 percent over the month, but the
revised figure shows a decline of 1.1 percent instead.
Preliminary reports based on weekly data indicate, however,
a substantial rise from October to November.
Manufacturers and trade firms added about $0.5 billion
to their inventories in October. Inventory plans are
probably being firmed now, but we are not likely to see a
substantial building of stocks until the first quarter of
1972.
These data are for release approximately December 20.
Paul W. McCracken
reason
what any
this apartment
usual factor?
Relations
belongs_to