Source: Federal Reserve Bank of St. Louis  

Release: Supplemental Estimates, Underlying Detail Tables, Spliced Series

Units:  Millions of Chained 2017 Dollars, Seasonally Adjusted

Frequency:  Quarterly

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