Research >> Economics
Wholesale Inventories up 0.8% in October
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October 2018 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 $510.1 billion, down 0.2 percent (±0.5 percent)* from the revised September level, but were up 6.8 percent (±3.5 percent) from the October 2017 level. The August 2018 to September 2018 percent change was revised from the preliminary estimate of up 0.2 percent (±0.5 percent)* to up 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 $652.1 billion at the end of October, up 0.8 percent (±0.4 percent) from the revised September level. Total inventories were up 6.9 percent (±4.2 percent) from the revised October 2017 level. The September 2018 to October 2018 percent change was revised from the advance estimate of up 0.7 percent (±0.4 percent) to up 0.8 percent (±0.4 percent).
The October Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.28. The October 2017 ratio was 1.28.
Posted: December 7, 2018 Friday 10:00 AM