Research >> Economics
Wholesale Inventories down 0.1% in March
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March 2019 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 $507.4 billion, up 2.3 percent (±0.5 percent) from the revised February level and were up 3.9 percent (±0.7 percent) from the March 2018 level. The January 2019 to February 2019 percent change was unrevised from the preliminary estimate of up 0.3 percent (±0.4 percent)*.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $669.8 billion at the end of March, down 0.1 percent (±0.4 percent)* from the revised February level. Total inventories were up 6.7 percent (±1.2 percent) from the revised March 2018 level. The February 2019 to March 2019 percent change was revised from the advance estimate of virtually unchanged (±0.2 percent)* to down 0.1 percent (±0.4 percent)*.
The March Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.32. The March 2018 ratio was 1.29.
Posted: May 9, 2019 Thursday 10:00 AM