Research >> Economics
Wholesale Inventories up 1.0% in November
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November 2016 sales of merchant wholesalers, except manufacturers’ sales branches and offices, adjustment for seasonal variations and trading-day differences but not for price changes, were $452.6 billion, up 0.4 percent (±0.5 percent)* from the revised October level and were up 3.4 percent (±0.9 percent) from the November 2015 level. The September 2016 to October 2016 percent change was revised from the preliminary estimate of up 1.4 percent (±0.7 percent) to up 1.1 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 $595.3 billion at the end of November, up 1.0 percent (±0.2 percent) from the revised October level. Total inventories are up 1.4 percent (±1.1 percent) from the revised November 2015 level. The October 2016 to November 2016 percent change was revised from the advance estimate of up 0.9 percent (±0.2 percent) to up 1.0 percent (±0.2 percent).
The November Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.32. The November 2015 ratio was 1.34.
Posted: January 10, 2017 Tuesday 10:00 AM