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'inventories'에 해당되는 글 4건




  1. 2009.07.15 미국 기업재고, Business Inventories 월간 -1.0% 감소 _09.07.14
  2. 2009.04.09 미국 도매재고, U.S. Wholesales Inventories 2월 월간 -1.5% 감소 _09.04.09
  3. 2009.03.13 미국 Business Inventories/Sales Ratio _ 기업재고/매출 비율 _2009.03
  4. 2009.02.13 미국 기업재고, Business Inventories 월간 변화 _09.02.12

미국 기업재고, Business Inventories 7월 지표가 발표되었습니다.
발표 내용에 따르면 7월 지표는 월간 -1.0% 감소하였습니다. 이는 전망치 -0.9%와 비슷한 수치입니다.


기업재고/매출 지표(ratio) : 2000~2009.07


발표 내용 중, 기업재고/매출 (=Business Inventories/Sales) 지표를 보면, 고점권을 찍고 일단 의미있게 하강 중입니다.

이 비율(ratio) 지표는 어떤 경우에 하락할까요?

1) 기업재고 변수가 고정되어 있다면, 매출이 늘어나고 있다는 것이 됩니다.
  --> 매출(sales)이 일어나고 있다는 의미

2) 매출 변수가 고정되어 있다면, 기업재고가 줄어들고 있다는 것이 됩니다.
  -->재고 물량이 판매되어 소진되고 있다는 의미

물론, 다른 여러 경우들도 가능합니다.

일단, 이 지표가 낮은 수치로 진행되는 것이 좋은 것입니다. 그래프를 보면, 2005~2007년말까지 낮은 수준을 유지했습니다.


이미 여러번 다양한 글로 말씀드린 바, 기업재고가 줄어드는 추세 환경이라는 것은 분명합니다.
 
그런데 문제는 기업재고의 축소가
1) 기존에 쌓아놓은 재고가 단순히 소진만 되는 과정인지,
2) 아니면 새로운 생산을 촉진하여, 판매를 늘리는 과정으로 선순환으로 진행될 수 있을지

추가 진행 경과 관찰과 전망이 필요하다는 것입니다.


기업재고,Business Inventories 월간변화율(%)


기업재고(Business Inventories) 지표를 보면 2008년말 이후로 감소가 지속되고 있습니다.
경기가 활황이어서 물건이 잘 나가서 재고가 없어져서 감소하는 것이 아니라,
경기가 불황이어서 새로 생산되는 물건이 적고, 재고물량만 밀어내고 있으므로, 재고가 감소하고 있다고 볼 수 있습니다.

재고 물량이 소진되는 이런 재고 조정(Inventories Re-adjustment)이 끝나고, 새로운 생산이 촉진될 수 있는 촉매가 분출되어야 경기가 다소 활력을 찾을 것으로 볼 수 있습니다.

그러나, 위 기업재고 월간변화율(%) 그래프 추세를 보면 계속 감소 중이나 추세가 둔화되고 있기 때문에, 일정 시기가 지나면 일단 시기적인 모멘텀은 확보될 것으로 볼 수 있습니다. 문제는 그런 시기가 아니라, 막상 닥쳤을 때의 그 강도라 할 것입니다. 재고조정이 마무리되는 시기에도 지지부진할 것이냐, 아니면 다소 활력의 모멘텀을 찾을 것인가가 향후 적정 시기에 다다랐을 때의 관심사항입니다. 

위의 추세들은 일정 시간이 경과하면 경기 전환의 시기적 모멘텀, 기회를 가질 것으로 당연히 나타내고 있기 때문에, 단기 주가에 아주 악재는 아닙니다. 따라서 다우존스지수(DJIA, 다우지수), 나스닥 지수도 강보합에 일일 마감한 모습입니다.




이하, 통계국(Census Bureau)의 발표내용 요지입니다.

 

FOR IMMEDIATE RELEASE

TUESDAY, JULY 14, 2009, AT 10:00 A.M. EDT


Timothy Winters (Retail): (301) 763-2713                                                                                                                            CB09-106
John Miller (Wholesale): (301) 763-2703
Chris Savage (Manufacturing): (301) 763-4832

MANUFACTURING AND TRADE INVENTORIES AND SALES
May 2009

Sales. The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers' shipments for May, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $966.1 billion, down 0.1 percent (±0.2%)* from April 2009 and down 17.8 percent (±0.5%) from May 2008.

Inventories. Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,368.1 billion, down 1.0 percent (±0.1%) from April 2009 and down 8.0 percent (±0.4%) from May 2008.

Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.42. The May 2008 ratio was 1.27.


발표 내용 전문은, http://www.census.gov/mtis/www/mtis_current.html 에서 볼 수 있습니다. 


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미국 도매재고, Wholesales Inventories 월간수치가(m/m) 2월 -1.5% 감소하였습니다.  미국 통계국(Census Bureau) 발표


Sales. The U.S. Census Bureau announced today that February 2009 sales of merchant wholesalers, except manufacturers’ sales branches and
offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $319.7 billion, up 0.6 percent (+/-0.7%)*
from the revised January level and were down 14.3 percent (+/-1.6%) from the February 2008 level. The January preliminary estimate was revised
downward $0.7 billion or 0.2 percent. February sales of durable goods were up 2.0 percent (+/-1.4%) from last month, but were down 14.8 percent
(+/-2.1%) from a year ago. Compared to last month, sales of motor vehicle and motor vehicle parts and supplies were up 3.7 percent, while sales of
metals and minerals, except petroleum, were down 5.6 percent. Sales of nondurable goods were down 0.4 percent (+/-0.7%)* from last month and
were down 13.8 percent (+/-1.6%) from last year. Sales of chemicals and allied products were down 4.6 percent from last month.

Inventories. Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations
but not for price changes, were $419.3 billion at the end of February, down 1.5 percent (+/-0.4%) from the revised January level, and were down 1.7
percent (+/-0.9%) from a year ago. The January preliminary estimate was revised upward $0.2 billion. End-of-month inventories of durable goods
were down 2.4 percent (+/-0.5%) from last month, but were up 0.7 percent (+/-1.1%)* from last February. Inventories of motor vehicle and motor
vehicle parts and supplies were down 7.9 percent from last month and inventories of furniture and home furnishings were down 3.0 percent. End-ofmonth
inventories of nondurable goods decreased 0.2 percent (+/-0.5%)* from January and were down 5.5 percent (+/-1.9%) compared to last
February. Inventories of farm product raw materials were down 5.4 percent from last month, and inventories of paper and paper products were down
4.8 percent.

Inventories/Sales Ratio. The February inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based
on seasonally adjusted data, was 1.31. The February 2008 ratio was 1.14.
Data in this report are based on a sample and, therefore, are subject to sampling and nonsampling error. A discussion of the reliability of the estimates
and general survey methodology can be found at: <
http://www.census.gov/wholesale/www/how_surveys_are_collected/011340.html>.




자료 : 첨부파일, 출처 : http://www.census.gov/wholesale/index.html



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다음은 US Business Inventories/Sales Ratio : 2000~2009,  미국 기업재고/매출 비율 입니다. (2009년 3월 12일 발표, 현지)



Census Bureau

FOR IMMEDIATE RELEASE

THURSDAY, MARCH 12, 2009, AT 10:00 A.M. EDT


Timothy Winters (Retail): (301) 763-2713                                                                                                                            CB09-35
John Miller (Wholesale): (301) 763-2703
Chris Savage (Manufacturing): (301) 763-4832

MANUFACTURING AND TRADE INVENTORIES AND SALES
January 2009

INTENTION TO REVISE: Revisions to the Wholesale and Retail adjusted and not adjusted monthly estimates for sales and inventories are scheduled for release in March 2009 and April 2009, respectively. Estimates will be revised to reflect the results of the 2007 Annual Wholesale and Annual Retail Trade Surveys. Manufacturing estimates will be revised at a later date. Revisions to the Wholesale data will be reflected in the February 2009 Manufacturing and Trade Inventories and Sales (MTIS) release scheduled for April 14, 2009. Revisions to the Retail data will be reflected in the March 2009 MTIS release scheduled for May 13, 2009.

Sales. The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for January, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,004.0 billion, down 1.0 percent (±0.4%) from December 2008 and down 14.0 percent (±0.4%) from January 2008.

Inventories. Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,440.1 billion, down 1.1 percent (±0.1%) from December 2008 and down 1.5 percent (±0.3%) from January 2008.

Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of January was 1.43. The January 2008 ratio was 1.25.


The Manufacturing and Trade Inventories and Sales Report for February is scheduled to be released April 14, 2009 at 10:00 a.m. EDT.

For information, visit the Census Bureau’s Web site at <http://www.census.gov/bussales>. This report is also available the day of issue through the Department of Commerce’s STAT-USA (202-482-1986).

* The 90 percent confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.

 

Table 1. Estimated Monthly Sales and Inventories for Manufacturers, Retailers, and Merchant Wholesalers
(In millions of dollars)

See footnotes and notes at the end of Table 3.

(p) Preliminary estimate.
(r) Revised estimate.

 

Table 2. Percent Changes for Sales and Inventories--Manufacturers, Retailers, and Merchant Wholesalers

 

 


Table 3. Estimated Monthly Retail Sales, Inventories, and Inventories/Sales Ratios, By Kind of Business
(In millions of dollars)

(p) Preliminary estimate.
(r) Revised estimate.

1 Inventories are on a non-LIFO basis as of the end of the month.
2 Adjusted for seasonal variations and, in the case of sales, for trading-day differences and holiday variations. Concurrent seasonal adjustment is being used to adjust all sales, shipment, and inventory estimates. Concurrent seasonal adjustment uses all available unadjusted estimates as input to the X-12-ARIMA program. The factors derived from the program are applied to the current and previous month estimates and for retail and wholesale estimates a year ago as well. For retail sales, concurrent seasonal adjustment is also used to adjust the advance estimates (published one month before the preliminary estimates) and the estimates one year before the advance month. This explains the revision to retail estimates from a year ago.
3 Manufacturers sales refer to the value of shipments by manufacturers. The shipments data from individual manufacturers are adjusted prior to tabulation for the number of trading days as well as for any variations in the length of the reporting period.
4 The 2002 North American Industry Classification System (NAICS) defines merchant wholesalers as including manufacturers' sales branches and offices. However, the estimates included in this release exclude manufacturers' sales branches and offices. Note that this is not a change in coverage from prior releases and is consistent with the description used in the Monthly Wholesale Trade Survey data products.

Note: U.S. and group totals include kinds of business not shown. The Manufacturing and Trade Inventory and Sales estimates are based on data from three surveys: the Monthly Retail Trade Survey, the Monthly Wholesale Trade Survey, and the Manufacturers’ Shipments, Inventories, and Orders Survey. The sampling variability for retailers and merchant wholesalers can be used to construct a 90 percent confidence interval for the estimates. Over all possible samples, 90 percent of such intervals will cover the true estimate. These intervals are given in parentheses for the estimates on the front page. If, for example, the estimate is up 0.8 percent and the margin of sampling error is ±1.2 percent, the 90 percent confidence interval is -0.4 percent to +2.0 percent. If the range contains 0, it is uncertain whether there was an increase or decrease. Measures of reliability for Retail and Wholesale sales and inventory levels and changes are included in the detailed monthly press releases for those Industries. Manufacturers do not contribute to estimates of sampling variability because the manufacturer’s mail panel is not a probability sample from a known frame and standard errors of the industry estimates cannot be calculated. Estimates from all three surveys are also subject to nonsampling errors, which can arise in any stage of the survey. Such errors include coverage error (failure to accurately represent all population units in the sample), response errors, coding errors, and nonresponse. Although no direct measurement of these errors has been obtained, precautionary steps were taken in all phases of the collection, processing, and tabulation of the data to minimize their influence.

Horizontal Rule
Source: Retail Indicators Branch, U.S. Census Bureau | Last Revised: March 12, 2009


출처 : http://www.census.gov/mtis/www/mtis_current.html


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다음은 미국 통계국, Census Bureau가 발표한 기업재고량 월간 변화율입니다.
기업재고/매출 비율이 2008년 중반부터 급격하게 오르고 있고, 이런 추세가 여전히 꺼지지 않고 있어서, 소비침체는 계속 진행 중이라고 볼 수 있습니다.



Census Bureau

FOR IMMEDIATE RELEASE

THURSDAY, FEBRUARY 12, 2009, AT 10:00 A.M. EST


Timothy Winters (Retail): (301) 763-2713                                                                                                                            CB09-21
John Miller (Wholesale): (301) 763-2703
Chris Savage (Manufacturing): (301) 763-4832

MANUFACTURING AND TRADE INVENTORIES AND SALES
December 2008

INTENTION TO REVISE: Revisions to the Wholesale and Retail adjusted and not adjusted monthly estimates for sales and inventories are scheduled for release in March 2009 and April 2009, respectively. Estimates will be revised to reflect the results of the 2007 Annual Wholesale and Annual Retail Trade Surveys. Manufacturing estimates will be revised at a later date. Revisions to the Wholesale data will be reflected in the February 2009 Manufacturing and Trade Inventories and Sales (MTIS) release scheduled for April 14, 2009. Revisions to the Retail data will be reflected in the March 2009 MTIS release scheduled for May 13, 2009.

Sales. The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for December, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,016.6 billion, down 3.2 percent (±0.2%) from November 2008 and down 11.8 percent (±0.3%) from December 2007.

Inventories. Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,460.5 billion, down 1.3 percent (±0.1%) from November 2008, but up 0.9 percent (±0.4%) from December 2007.

Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of December was 1.44. The December 2007 ratio was 1.26.


The Manufacturing and Trade Inventories and Sales Report for January is scheduled to be released March 12, 2009 at 10:00 a.m. EDT.


For information, visit the Census Bureau’s Web site at <http://www.census.gov/bussales>. This report is also available the day of issue through the Department of Commerce’s STAT-USA (202-482-1986).

* The 90 percent confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.

 

Table 1. Estimated Monthly Sales and Inventories for Manufacturers, Retailers, and Merchant Wholesalers
(In millions of dollars)

See footnotes and notes at the end of Table 3.

(p) Preliminary estimate.
(r) Revised estimate.

 

Table 2. Percent Changes for Sales and Inventories--Manufacturers, Retailers, and Merchant Wholesalers

 

 


Table 3. Estimated Monthly Retail Sales, Inventories, and Inventories/Sales Ratios, By Kind of Business
(In millions of dollars)

(p) Preliminary estimate.
(r) Revised estimate.

1 Inventories are on a non-LIFO basis as of the end of the month.
2 Adjusted for seasonal variations and, in the case of sales, for trading-day differences and holiday variations. Concurrent seasonal adjustment is being used to adjust all sales, shipment, and inventory estimates. Concurrent seasonal adjustment uses all available unadjusted estimates as input to the X-12-ARIMA program. The factors derived from the program are applied to the current and previous month estimates and for retail and wholesale estimates a year ago as well. For retail sales, concurrent seasonal adjustment is also used to adjust the advance estimates (published one month before the preliminary estimates) and the estimates one year before the advance month. This explains the revision to retail estimates from a year ago.
3 Manufacturers sales refer to the value of shipments by manufacturers. The shipments data from individual manufacturers are adjusted prior to tabulation for the number of trading days as well as for any variations in the length of the reporting period.
4 The 2002 North American Industry Classification System (NAICS) defines merchant wholesalers as including manufacturers' sales branches and offices. However, the estimates included in this release exclude manufacturers' sales branches and offices. Note that this is not a change in coverage from prior releases and is consistent with the description used in the Monthly Wholesale Trade Survey data products.

Note: U.S. and group totals include kinds of business not shown. The Manufacturing and Trade Inventory and Sales estimates are based on data from three surveys: the Monthly Retail Trade Survey, the Monthly Wholesale Trade Survey, and the Manufacturers’ Shipments, Inventories, and Orders Survey. The sampling variability for retailers and merchant wholesalers can be used to construct a 90 percent confidence interval for the estimates. Over all possible samples, 90 percent of such intervals will cover the true estimate. These intervals are given in parentheses for the estimates on the front page. If, for example, the estimate is up 0.8 percent and the margin of sampling error is ±1.2 percent, the 90 percent confidence interval is -0.4 percent to +2.0 percent. If the range contains 0, it is uncertain whether there was an increase or decrease. Measures of reliability for Retail and Wholesale sales and inventory levels and changes are included in the detailed monthly press releases for those Industries. Manufacturers do not contribute to estimates of sampling variability because the manufacturer’s mail panel is not a probability sample from a known frame and standard errors of the industry estimates cannot be calculated. Estimates from all three surveys are also subject to nonsampling errors, which can arise in any stage of the survey. Such errors include coverage error (failure to accurately represent all population units in the sample), response errors, coding errors, and nonresponse. Although no direct measurement of these errors has been obtained, precautionary steps were taken in all phases of the collection, processing, and tabulation of the data to minimize their influence.

Horizontal Rule
Source: Retail Indicators Branch, U.S. Census Bureau | Last Revised: February 12, 2009

미국경제, 미국 경기지표, 기업재고, 재고량, 재고율, 매출, Business Inventories, Sales Ratio   

 


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