Research >> Economics
Wholesale Inventories up 0.3% in November
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November 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 $505.3 billion, down 0.6 percent (±0.4 percent) from the revised October level, but were up 4.0 percent (±3.5 percent) from the November 2017 level. The September 2018 to October 2018 percent change was revised from the preliminary estimate of down 0.2 percent (±0.5 percent)* to down 0.6 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 $654.0 billion at the end of November, up 0.3 percent (±0.2 percent) from the revised October level. Total inventories were up 6.5 percent (±4.4 percent) from the revised November 2017 level.
The November Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.29. The November 2017 ratio was 1.26.
Posted: February 1, 2019 Friday 10:00 AM