Seasonal Adjustment Factors for Retail Inventories by Kind of Business

   NAICS           Kind of Business                              Nov 14  Dec 14  Jan 15  Feb 15  Mar 15  Apr 15  May 15  Jun 15  Jul 15  Aug 15  Sep 15  Oct 15  Nov 15  Dec 15  Jan 16  Feb 16  Mar 16
   code
           Retail Inventories, total                              1.060   0.990   0.985   0.989   0.995   1.000   0.988   0.983   0.977   0.977   1.006   1.052   1.058   0.990   0.985   0.988   0.994
       441 Motor vehicle and parts dealers                        1.022   1.017   1.016   1.015   1.014   1.025   1.003   0.997   0.969   0.951   0.967   1.008   1.019   1.018   1.014   1.012   1.013
   442,443 Furniture, home furn, electronics, and appliances      1.141   1.008   0.981   0.952   0.955   0.971   0.971   0.982   0.977   0.974   1.002   1.083   1.142   1.009   0.980   0.954   0.956
       444 Building mat. and garden equip. and supplies dealers   0.963   0.946   0.972   1.019   1.062   1.074   1.039   1.004   0.979   0.978   0.989   0.987   0.965   0.947   0.971   1.017   1.059
       445 Food and beverage stores                               1.050   1.015   0.999   0.978   0.989   0.985   0.992   0.993   0.984   0.981   1.000   1.033   1.050   1.015   0.997   0.979   0.989
       448 Clothing and clothing access. stores                   1.087   0.943   0.950   0.970   0.983   0.974   0.967   0.980   0.991   1.010   1.054   1.090   1.082   0.945   0.951   0.971   0.987
       452 General merchandise stores                             1.138   0.958   0.950   0.964   0.969   0.975   0.969   0.955   0.959   0.977   1.051   1.139   1.137   0.957   0.951   0.960   0.968
      4521 Department stores (excl. L.D.)                         1.183   0.931   0.936   0.948   0.961   0.973   0.956   0.935   0.943   0.967   1.078   1.204   1.183   0.930   0.936   0.944   0.959









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: February 12, 2016