Research >> Economics
Wholesale Inventories up 0.1% in February 2023
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February 2023 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 $669.5 billion, up 0.4 percent (±0.4 percent)* from the revised January level and were up 1.3 percent (±0.9 percent) from the revised February 2022 level. The December 2022 to January 2023 percent change was revised from the Monthly Wholesale Annual Revision Report of up 0.9 percent (±0.7 percent) to up 0.4 percent (±0.7 percent)*.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes, were $919.2 billion at the end of February, up 0.1 percent (±0.4 percent)* from the revised January level. Total inventories were up 12.0 percent (±0.9 percent) from the revised February 2022 level. The January 2023 to February 2023 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 February Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.37. The February 2022 ratio was 1.24.
Posted: April 10, 2023 Monday 10:00 AM