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Wholesale Inventories unchanged% in November 2020
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November 2020 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 $496.7 billion, up 0.2 percent (±0.4 percent)* from the revised October level, but were down 0.2 percent (±1.1 percent)* from the revised November 2019 level. The September 2020 to October 2020 percent change was revised from the preliminary estimate of up 1.8 percent (±0.4 percent) to up 1.7 percent (±0.4 percent).
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $649.8 billion at the end of November, virtually unchanged (±0.2 percent)* from the revised October level. Total inventories were down 2.1 percent (±1.1 percent) from the revised November 2019 level. The October 2020 to November 2020 percent change was revised from the advance estimate of down 0.1 percent (±0.2 percent)* to virtually unchanged (±0.2 percent)*.
The November Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.31. The November 2019 ratio was 1.33.
Posted: January 8, 2021 Friday 10:00 AM