The combined value of distributive trade sales and manufacturers' shipments for April was estimated at $1,922.8 billion, down 0.1 percent from March 2025, but was up 3.8 percent from April 2024.
Manufacturers' and trade inventories for April were estimated at an end-of-month level of $2,656.5 billion, virtually unchanged from March 2025, but were up 2.2 percent from April 2024.
The total business inventories/sales ratio based on seasonally adjusted data at the end of April was 1.38. The April 2024 ratio was 1.40.
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