Research >> Economics
Wholesale Inventories up 0.4% in May
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May 2017 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 $460.8 billion, down 0.5 percent (±0.7 percent)* from the revised April level, but were up 6.2 percent (±1.1 percent) from the May 2016 level. The March 2017 to April 2017 percent change was revised from the preliminary estimate of down 0.4 percent (±0.5 percent)* to down 0.3 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 $593.9 billion at the end of May, up 0.4 percent (±0.4 percent)* from the revised April level. Total inventories were up 1.9 percent (±0.7 percent) from the revised May 2016 level. The April 2017 to May 2017 percent change was revised from the advance estimate of up 0.3 percent (±0.4 percent)* to up 0.4 percent (± 0.4 percent)*.
The May Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.29. The May 2016 ratio was 1.34.
Posted: July 11, 2017 Tuesday 10:00 AM