Research >> Economics
Wholesale Inventories up 0.1% in October 2019
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October 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 $494.3 billion, down 0.7 percent (±0.5 percent) from the revised September level and were down 1.4 percent (±0.9 percent) from the October 2018 level. The August 2019 to September 2019 percent change was revised from the preliminary estimate of virtually unchanged (±0.5 percent)* to down 0.1 percent (±0.5 percent)*.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $675.6 billion at the end of October, up 0.1 percent (±0.4 percent)* from the revised September level. Total inventories were up 3.8 percent (±1.1 percent) from the revised October 2018 level. The September 2019 to October 2019 percent change was revised from the advance estimate of up 0.2 percent (±0.4 percent)* to up 0.1 percent (±0.4 percent)*.
The October Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.37. The October 2018 ratio was 1.30.
Posted: December 6, 2019 Friday 10:00 AM