Research >> Economics
Wholesale Inventories down 0.5% in April
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April 2017 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 $462.3 billion, down 0.4 percent (±0.5 percent)* from the revised March level, but were up 7.3 percent (±0.9 percent) from the April 2016 level. The February 2017 to March 2017 percent change was revised from the preliminary estimate of virtually unchanged (±0.4 percent)* to down 0.2 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 $591.0 billion at the end of April, down 0.5 percent (±0.2 percent) from the revised March level. Total inventories were up 1.6 percent (±1.1 percent) from the revised April 2016 level. The March 2017 to April 2017 percent change was revised from the advance estimate of down 0.3 percent (±0.4 percent)* to down 0.5 percent (± 0.2 percent).
The April Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.28. The April 2016 ratio was 1.35.
Posted: June 10, 2017 Saturday 10:00 AM