Table 1. ESTIMATED MONTHLY SALES AND INVENTORIES FOR MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 02 2014 -------------SALES------------- ----------INVENTORIES---------- INVENTORIES/SALES RATIOS Feb. 2014 Jan. 2014 Feb. 2013 Feb. 2014 Jan. 2014 Feb. 2013 Feb. 2014 Jan. 2014 Feb. 2013 (p) (r) (r) (p) (r) (r) (p) (r) (r) ADJUSTED TOTAL BUSINESS 1,311,766 1,301,485 1,288,698 1,715,605 1,708,904 1,646,947 1.31 1.31 1.28 MANUFACTURERS 493,495 488,957 489,470 642,053 637,904 626,538 1.30 1.30 1.28 RETAILERS 382,217 379,468 376,273 555,294 555,236 525,510 1.45 1.46 1.40 MERCHANT WHOLESALERS 436,054 433,060 422,955 518,258 515,764 494,899 1.19 1.19 1.17 NOT ADJUSTED TOTAL BUSINESS 1,196,386 1,222,905 1,173,101 1,720,535 1,705,331 1,649,695 1.44 1.39 1.41 MANUFACTURERS 460,150 456,457 454,620 646,810 635,633 629,592 1.41 1.39 1.38 RETAILERS 343,122 346,568 337,570 549,091 548,360 518,983 1.60 1.58 1.54 MERCHANT WHOLESALERS 393,114 419,880 380,911 524,634 521,338 501,120 1.33 1.24 1.32 (p) preliminary. (r) revised. Table 2. PERCENT CHANGES FOR SALES AND INVENTORIES - MANUFACTURERS, RETAILERS, AND MERCHANT WHOLESALERS DATA MONTH 02 2014 ADJUSTED NOT ADJUSTED --------------SALES--------------- -----------INVENTORIES------------ --------------SALES--------------- -----------INVENTORIES------------ Feb. 2014/ Jan. 2014/ Feb. 2014/ Feb. 2014/ Jan. 2014/ Feb. 2014/ Feb. 2014/ Jan. 2014/ Feb. 2014/ Feb. 2014/ Jan. 2014/ Feb. 2014/ Jan. 2014 Dec. 2013 Feb. 2013 Jan. 2014 Dec. 2013 Feb. 2013 Jan. 2014 Dec. 2013 Feb. 2013 Jan. 2014 Dec. 2013 Feb. 2013 TOTAL BUSINESS 0.8 -1.1 1.8 0.4 0.4 4.2 -2.2 -10.1 2.0 0.9 1.5 4.3 MANUFACTURERS 0.9 -0.7 0.8 0.7 0.2 2.5 0.8 -4.9 1.2 1.8 2.6 2.7 RETAILERS 0.7 -0.7 1.6 0.0 0.3 5.7 -1.0 -20.9 1.6 0.1 0.1 5.8 MERCHANT WHOLESALERS 0.7 -1.8 3.1 0.5 0.8 4.7 -6.4 -4.9 3.2 0.6 1.4 4.7 (p) preliminary. (r) revised. Table 3. ESTIMATED MONTHLY RETAIL SALES, INVENTORIES, AND INVENTORIES/SALES RATIOS, BY KIND OF BUSINESS DATA MONTH 02 2014 -------------SALES------------- ----------INVENTORIES---------- PERCENT CHANGE IN INVENTORIES INVENTORIES/SALES RATIOS KIND OF BUSINESS Feb. 2014 Jan. 2014 Feb. 2013 Feb. 2014 Jan. 2014 Feb. 2013 Feb. 2014/ Jan. 2014/ Feb. 2014/ (p) (r) (r) (p) (r) (r) Jan. 2014 Dec. 2013 Feb. 2013 Feb. 2014 Jan. 2014 Feb. 2013 ADJUSTED 44,45 RETAIL TRADE, TOTAL 382,217 379,468 376,273 555,294 555,236 525,510 0.0 0.3 5.7 1.45 1.46 1.40 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 300,638 299,873 298,056 373,963 373,279 361,269 0.2 0.6 3.5 1.24 1.24 1.21 441 MOTOR VEHICLE AND PARTS DEALERS 81,579 79,595 78,217 181,331 181,957 164,241 -0.3 -0.5 10.4 2.22 2.29 2.10 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 16,731 16,622 16,748 27,897 27,145 28,217 2.8 -0.6 -1.1 1.67 1.63 1.68 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 26,135 26,288 25,762 49,683 49,645 48,440 0.1 0.0 2.6 1.90 1.89 1.88 445 FOOD AND BEVERAGE STORES 55,397 55,505 53,916 42,390 42,246 41,815 0.3 -0.4 1.4 0.77 0.76 0.78 448 CLOTHING AND ACCESSORY STORES 20,874 20,794 20,560 49,459 49,793 48,350 -0.7 0.9 2.3 2.37 2.39 2.35 452 GENERAL MERCHANDISE 54,805 54,855 55,150 84,615 84,748 81,772 -0.2 0.9 3.5 1.54 1.54 1.48 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 14,170 14,052 14,825 31,435 31,581 31,253 -0.5 0.9 0.6 2.22 2.25 2.11 NOT ADJUSTED 44,45 RETAIL TRADE, TOTAL 343,122 346,568 337,570 549,091 548,360 518,983 0.1 0.1 5.8 1.60 1.58 1.54 44,45-441 TOTAL EXCL. MOTOR VEHICLE AND PARTS DEALERS 267,248 275,535 264,690 364,527 363,231 351,732 0.4 0.3 3.6 1.36 1.32 1.33 441 MOTOR VEHICLE AND PARTS DEALERS 75,874 71,033 72,880 184,564 185,129 167,251 -0.3 -0.3 10.4 2.43 2.61 2.29 442,443 FURNITURE,HOME FURN.,ELECTRONICS, APPL.STORES 15,432 15,250 15,434 26,363 26,629 26,609 -1.0 -3.2 -0.9 1.71 1.75 1.72 444 BUILDING MATL. & GARDEN EQUIPMENT & SUPPLY STORES 19,592 20,586 19,350 50,577 48,354 49,263 4.6 3.5 2.7 2.58 2.35 2.55 445 FOOD AND BEVERAGE STORES 50,599 54,744 49,202 41,646 42,245 41,082 -1.4 -2.0 1.4 0.82 0.77 0.83 448 CLOTHING AND ACCESSORY STORES 18,045 15,491 17,787 47,777 47,054 46,658 1.5 1.6 2.4 2.65 3.04 2.62 452 GENERAL MERCHANDISE 48,840 47,797 49,249 80,995 80,824 78,004 0.2 0.1 3.8 1.66 1.69 1.58 4521 DEPARTMENT STORES (EXCL. LEASED DEPTS.) 11,843 10,967 12,433 29,517 29,465 29,253 0.2 0.7 0.9 2.49 2.69 2.35 (p) preliminary. (r) revised. Table 4. ADJUSTED MTIS DOLLAR AND PERCENT CHANGES DATA MONTH 02 2014 C1 C2 C3 C4 C5 C6 ----------DOLLAR CHANGES----------- ----------PERCENT CHANGES---------- CMCY-PMCY PMCY-(PM-1)CY CMCY-CMPY CMCY/PMCY PMCY/(PM-1)CY CMCY/CMPY SALES TOTAL BUSINESS 10,281 -13,977 23,068 0.8 -1.1 1.8 MANUFACTURERS 4,538 488,957 4,025 0.9 0.0 0.8 RETAILERS 2,749 -2,498 5,944 0.7 -0.7 1.6 MERCHANT WHOLESALERS 2,994 -8,091 13,099 0.7 -1.8 3.1 INVENTORY TOTAL BUSINESS 6,701 6,788 68,658 0.4 0.4 4.2 MANUFACTURERS 4,149 1,376 15,515 0.7 0.2 2.5 RETAILERS 58 1,405 29,784 0.0 0.3 5.7 MERCHANT WHOLESALERS 2,494 4,007 23,359 0.5 0.8 4.7 Legend: (P)=Preliminary (F)=Final CM=Current Month PM=Previous Month CY=Current Year PY=Previous Year CM/PM=Current Month to Previous Month PM/PM-1=Previous Month to Previous Month minus one Table 5. PM REVISIONS PRELIMINARY TO FINAL DATA MONTH 02 2014 C1 C2 C3 C4 C5 C6 ------------UNADJUSTED------------- -------------ADJUSTED-------------- PM (P) PM(F)-PM(P) PM(F)/PM(P) PM (P) PM(F)-PM(P) PM(F)/PM(P) $ CHANGE % CHANGE $ CHANGE % CHANGE SALES TOTAL BUSINESS 1,225,421 -2,516 -0.21 1,303,198 -1,713 -0.13 MANUFACTURERS 458,973 -2,516 -0.55 490,670 -1,713 -0.35 RETAILERS 346,577 -9 -0.00 379,641 -173 -0.05 MERCHANT WHOLESALERS 419,053 827 0.20 432,555 505 0.12 INVENTORY TOTAL BUSINESS 1,705,292 39 0.00 1,708,704 200 0.01 MANUFACTURERS 635,594 39 0.01 637,704 200 0.03 RETAILERS 548,470 -110 -0.02 556,152 -916 -0.16 MERCHANT WHOLESALERS 527,740 -6,402 -1.21 521,201 -5,437 -1.04 Legend: (P)=Preliminary (F)=Final CM=Current Month PM=Previous Month CY=Current Year PY=Previous Year CM/PM=Current Month to Previous Month PM/PM-1=Previous Month to Previous Month minus one Last Revised: April 14, 2014