Research >> Economics
Wholesale Inventories up 0.9% in August
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August 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 $473.4 billion, up 1.7 percent (±0.4 percent) from the revised July level and were up 7.2 percent (±1.1 percent) from the August 2016 level. The June 2017 to July 2017 percent change was revised from the preliminary estimate of down 0.1 percent (±0.2 percent)* to virtually unchanged (±0.2 percent)*.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $608.1 billion at the end of August, up 0.9 percent (±0.2 percent) from the revised July level. Total inventories were up 4.5 percent (±0.7 percent) from the revised August 2016 level. The July 2017 to August 2017 percent change was revised from the advance estimate of up 1.0 percent (±0.2 percent) to up 0.9 percent (±0.2 percent).
The August Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.28. The August 2016 ratio was 1.32.
Posted: October 6, 2017 Friday 10:00 AM