Research >> Economics
Wholesale Inventories down 0.4% in January 2020
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January 2020 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $504.6 billion, up 1.6 percent (±0.5 percent) from the revised December level and were up 2.2 percent (±0.7 percent) from the revised January 2019 level. The November 2019 to December 2019 percent change was revised from the preliminary estimate of down 0.7 percent (±0.4 percent) to down 0.2 percent (±0.4 percent)*.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $671.6 billion at the end of January, down 0.4 percent (±0.4 percent)* from the revised December level. Total inventories were up 0.4 percent (±0.9 percent)* from the revised January 2019 level. The December 2019 to January 2020 percent change was revised from the advance estimate of down 0.2 percent (±0.4 percent)* to down 0.4 percent (±0.4 percent)*.
The January Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.33. The January 2019 ratio was 1.35.
Posted: March 6, 2020 Friday 10:00 AM