Research >> Economics
Wholesale Inventories up 1.3% in May 2021
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May 2021 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 $576.5 billion, up 0.8 percent (±0.5 percent) from the revised April level and were up 36.8 percent (±1.8 percent) from the revised May 2020 level. The March 2021 to April 2021 percent change was revised from the preliminary estimate of up 0.8 percent (±0.4 percent) to up 1.1 percent (±0.4 percent).
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes, were $709.8 billion at the end of May, up 1.3 percent (±0.2 percent) from the revised April level. Total inventories were up 8.2 percent (±1.2 percent) from the revised May 2020 level. The April 2021 to May 2021 percent change was revised from the advance estimate of up 1.1 percent (±0.2 percent) to up 1.3 percent (±0.2 percent).
The May Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.23. The May 2020 ratio was 1.56.
Posted: July 9, 2021 Friday 10:00 AM