Domestic apparel shipments grew at double-digit rates for the seventh month in a row in Febuary, increasing 12% to $1.4 billion, helped by a US retail apparel market that increasingly values the ability to replenish inventory on a more accurate and timely basis. However, the rate of increase was the smallest in the past seven months.
Apparel manufacturing shipments rose 12% to $1.5 billion on a smoothed annualized basis. Wholesale apparel shipments increased 7% to $11.5 billion. The Inventory to Sales Ratio rose slightly for apparel manufacturing and textile milles, but fell for textile products and wholesale apparel in the past month.
|Inventory $ (EOM)|
|Inventory to Sales Ratio|