Seasonal Adjustment Factors for Retail Inventories by Kind of Business

   NAICS           Kind of Business                              Jan 23  Feb 23  Mar 23  Apr 23  May 23  Jun 23  Jul 23  Aug 23  Sep 23  Oct 23  Nov 23  Dec 23  Jan 24  Feb 24  Mar 24  Apr 24  May 24
   code
            Retail Inventories, total                             0.990   0.995   1.010   0.998   0.991   0.994   0.974   0.981   1.007   1.038   1.036   0.985   0.989   0.997   1.003   1.002   0.994
        441 Motor vehicle and parts dealers                       1.006   1.013   1.028   1.016   1.011   1.015   0.974   0.979   0.981   0.993   1.011   0.999   1.008   1.016   1.011   1.019   1.011
   442, 443 Furniture, home furn, electronics, and appliances     0.970   0.967   0.956   0.963   0.971   0.981   0.988   0.995   1.018   1.082   1.097   0.984   0.966   0.970   0.969   0.972   0.978
        444 Building mat. and garden equip. and supplies dealer   0.978   1.021   1.053   1.055   1.028   1.000   0.979   0.975   0.982   0.987   0.969   0.960   0.980   1.020   1.054   1.056   1.028
        445 Food and beverage stores                              0.991   0.981   1.000   0.995   0.997   0.994   0.981   0.981   0.995   1.028   1.039   1.013   0.989   0.982   1.000   0.995   0.997
        448 Clothing and clothing access. stores                  0.951   0.982   1.006   1.000   0.991   0.984   0.989   0.998   1.033   1.070   1.060   0.933   0.947   0.982   1.006   1.001   0.990
        452 General merchandise stores                            0.951   0.971   0.981   0.973   0.961   0.958   0.956   0.981   1.053   1.118   1.097   0.952   0.951   0.972   0.973   0.980   0.973
       4521 Department stores                                     0.932   0.953   0.989   0.982   0.958   0.944   0.950   0.973   1.094   1.195   1.142   0.905   0.930   0.952   0.983   0.978   0.957

Note:  Estimates are adjusted for seasonal variations.  Each month, new factors are developed using the latest estimates and applied to the not adjusted preliminary and final estimates and to the
estimates of the previous year that correspond to the preliminary month.  Adjustment factors are not included in this table for those kinds of business for which adjusted estimates are not shown
separately.  Adjusted inventory data are obtained by dividing the not adjusted data by the adjustment factors above for the corresponding kind of business.  Adjusted estimates for the summary
trade totals are obtained by summarizing the adjusted estimates for the individual kind of business.  The options used to derive factors for each kind of business were selected during the last
benchmarking operation and will not be subject to modification until the next benchmarking operation.  These options are available upon request.

SOURCE: MONTHLY RETAIL TRADE SURVEY
        RETAIL INDICATORS BRANCH
        U.S. CENSUS BUREAU

Last Revised Date: APRIL 15, 2024