Research >> Economics
Wholesale Inventories up 0.2% in July
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July 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 $499.6 billion, up 0.3 percent (±0.4 percent)* from the revised June level, but were virtually unchanged (±0.9 percent)* from the July 2018 level. The May 2019 to June 2019 percent change was unrevised from the preliminary estimate of down 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 $679.1 billion at the end of July, up 0.2 percent (±0.2 percent)* from the revised June level. Total inventories were up 7.1 percent (±1.1 percent) from the revised July 2018 level. The June 2019 to July 2019 percent change was unrevised from the advance estimate of up 0.2 percent (±0.2 percent)*.
The July Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.36. The July 2018 ratio was 1.27.
Posted: September 11, 2019 Wednesday 10:00 AM