Seasonal Adjustment Factors for Retail Inventories by Kind of Business

   NAICS           Kind of Business                              Mar 24  Apr 24  May 24  Jun 24  Jul 24  Aug 24  Sep 24  Oct 24  Nov 24  Dec 24  Jan 25  Feb 25  Mar 25  Apr 25  May 25  Jun 25  Jul 25
   code
            Retail Inventories, total                             0.996   0.996   0.991   0.988   0.981   0.988   1.014   1.045   1.039   0.984   0.987   0.995   0.996   0.997   0.987   0.988   0.982
        441 Motor vehicle and parts dealers                       1.000   1.007   1.007   1.000   0.981   0.981   0.989   1.011   1.017   1.003   1.002   1.011   1.001   1.007   0.997   0.999   0.980
   442, 443 Furniture, home furn, electronics, and appliances     0.976   0.979   0.980   0.989   0.987   0.988   1.016   1.075   1.082   0.981   0.969   0.978   0.975   0.982   0.983   0.992   0.988
        444 Building mat. and garden equip. and supplies dealer   1.052   1.052   1.026   0.998   0.981   0.977   0.983   0.987   0.971   0.963   0.987   1.023   1.051   1.052   1.026   0.998   0.981
        445 Food and beverage stores                              0.992   0.991   0.993   0.991   0.982   0.986   1.000   1.033   1.040   1.015   0.993   0.985   0.990   0.990   0.993   0.991   0.983
        448 Clothing and clothing access. stores                  0.995   0.995   0.987   0.983   0.991   1.007   1.044   1.078   1.061   0.931   0.947   0.981   0.994   0.994   0.986   0.982   0.991
        452 General merchandise stores                            0.973   0.980   0.969   0.962   0.977   1.001   1.058   1.111   1.084   0.957   0.960   0.972   0.976   0.983   0.965   0.964   0.980
       4522 Department stores                                     0.981   0.981   0.961   0.930   0.930   0.987   1.131   1.234   1.147   0.881   0.891   0.942   0.982   0.980   0.957   0.927   0.926

Note:  Estimates are adjusted for seasonal variations and trading-day differences.  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: June 17, 2025