Observations

Q2 2025: 2,420,445.000

Updated: Sep 26, 2025 7:49 AM CDT

Units:

Millions of Chained 2017 Dollars,

Seasonally Adjusted

Frequency:

Quarterly

Notes

Title	Release Dates

Real Manufacturing and Trade Inventories	2015-06-01	2025-09-26

Source

Federal Reserve Bank of St. Louis	2015-06-01	2025-09-26

Release

Supplemental Estimates, Underlying Detail Tables, Spliced Series	2015-06-01	2025-09-26

Units

Chained 2009 Dollars	2015-06-01	2018-07-30
Millions of Chained 2012 Dollars	2018-07-31	2023-09-28
Millions of Chained 2017 Dollars	2023-09-29	2025-09-26

Frequency

Quarterly	2015-06-01	2025-09-26

Seasonal Adjustment

Seasonally Adjusted	2015-06-01	2025-09-26

Notes

Real Manufacturing and Trade Inventories (INVCQRMTSPL) was first constructed by the Federal Reserve Bank of St. Louis in June 2015. It is calculated using Real Manufacturing and Trade Inventories (INVHQRMT) (https://fred.stlouisfed.org/series/INVHQRMT) and Real Manufacturing and Trade Inventories (INVCQRMT) (https://fred.stlouisfed.org/series/INVCQRMT). Before January 1997 lag1(INVHQRMT) = one observation earlier than current time period observation INVHQRMT _PC = the growth rate of INVHQRMT lead1(INVCQRMTSPL) = one observation later than current time period observation INVHQRMT _PC = [INVHQRMT /lag1(INVHQRMT) –1] INVCQRMTSPL= lead1(INVCQRMTSPL)/(1+ INVHQRMT _PC) After December 1996 INVCQRMTSPL= INVCQRMT	2015-06-01	2025-09-26

Real Manufacturing and Trade Inventories (INVCQRMTSPL)