Prior month 0.0% revised from +0.1% DetailsSales: $1.9746T in January; +0.3% m/m (vs Dec 2025), +4.5% y/yInventories: $2.6750T; -0.1% m/m vs 0.1 estimate, +1.0% y/yInventories/Sales Ratio: 1.35, down from 1.40 in Jan 2025Summary:Demand remains steady with modest growth in sales, while inventories edged slightly lower, tightening supply relative to demand. The decline in the inventories/sales ratio points to improving efficiency and potentially supportive conditions for production going forward. This article was written by Greg Michalowski at investinglive.com.