Research >> Economics
Wholesale Inventories up 0.4% in August 2020
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August 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 $486.6 billion, up 1.4 percent (±0.5 percent) from the revised July level, but were down 2.3 percent (±1.1 percent) from the revised August 2019 level. The June 2020 to July 2020 percent change was revised from the preliminary estimate of up 4.6 percent (±0.5 percent) to up 4.8 percent (±0.5 percent).
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $635.5 billion at the end of August, up 0.4 percent (±0.2 percent) from the revised July level. Total inventories were down 5.2 percent (±0.7 percent) from the revised August 2019 level. The July 2020 to August 2020 percent change was revised from the advance estimate of up 0.5 percent (±0.2 percent) to up 0.4 percent (±0.2 percent).
The August Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.31. The August 2019 ratio was 1.35.
Posted: October 9, 2020 Friday 10:00 AM