Research >> Economics
Wholesale Inventories up 0.6% in July
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July 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 $465.1 billion, down 0.1 percent (±0.2 percent)* from the revised June level, but were up 5.9 percent (±1.1 percent) from the July 2016 level. The May 2017 to June 2017 percent change was revised from the preliminary estimate of up 0.7 percent (±0.5 percent) to up 0.6 percent (±0.7 percent)*.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $602.4 billion at the end of July, up 0.6 percent (±0.4 percent) from the revised June level. Total inventories were up 3.3 percent (±0.7 percent) from the revised July 2016 level. The June 2017 to July 2017 percent change was revised from the advance estimate of up 0.4 percent (±0.4 percent)* to up 0.6 percent (±0.4 percent).
The July Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.30. The July 2016 ratio was 1.33.
Posted: September 8, 2017 Friday 10:00 AM