Research >> Economics
Wholesale Inventories down 0.4% in February 2020
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February 2020 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 $500.7 billion, down 0.8 percent (±0.5 percent) from the revised January level, but were up 1.1 percent (±0.7 percent) from the revised February 2019 level. The December 2019 to January 2020 percent change was revised from the preliminary estimate of up 1.6 percent (±0.5 percent) to up 1.3 percent (±0.9 percent).
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $655.8 billion at the end of February, down 0.7 percent (±0.2 percent) from the revised January level. Total inventories were down 1.3 percent (±1.1 percent) from the revised February 2019 level. The January 2020 to February 2020 percent change was revised from the advance estimate of down 0.5 percent (±0.2 percent) to down 0.7 percent (±0.2 percent).
The February Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and
offices, based on seasonally adjusted data, was 1.31. The February 2019 ratio was 1.34.
Posted: April 9, 2020 Thursday 10:00 AM