Research >> Economics
Wholesale Inventories up 1.0% in November 2022
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November 2022 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 $693.7 billion, down 0.6 percent (±0.5 percent) from the revised October level, but were up 8.7 percent (±1.1 percent) from the revised November 2021 level. The September 2022 to October 2022 percent change was revised from the preliminary estimate of up 0.4 percent (±0.5 percent)* to virtually unchanged (±0.5 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 $933.1 billion at the end of November, up 1.0 percent (±0.4 percent) from the revised October level. Total inventories were up 20.9 percent (±0.9 percent) from the revised November 2021 level. The October 2022 to November 2022 percent change was unrevised from the advance estimate of up 1.0 percent (±0.4 percent).
The November Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.35. The November 2021 ratio was 1.21.
Posted: January 10, 2023 Tuesday 10:00 AM