Seasonally adjusted annual transactions estimated by FOF section as about 5 percent of BEA, NIPA, Table 1.5.5 Gross Domestic Product, Expanded Detail, line 44, Change in private inventories, Nonfarm. Fraction is proportion for earlier years determined by BEA . Level is calculated as nonfarm business inventories outstanding ( series FL145020011) less nonfinancial corporate business inventories outstanding ( series FL105020015). Unadjusted transactions are calculated as transactions at a seasonally adjusted annual rate divided by 4. Holding gains are calculated as the change in the level less the unadjusted transactions.
Last edited on: 01/30/2018