Research >> Economics
Wholesale Inventories down 1.4% in June 2020
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June 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 $457.3 billion, up 8.8 percent (±0.9 percent) from the revised May level, but were down 8.5 percent (±1.1 percent) from the revised June 2019 level. The April 2020 to May 2020 percent change was revised from the preliminary estimate of up 5.4 percent (±0.7 percent) to up 5.7 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 $633.3 billion at the end of June, down 1.4 percent (±0.2 percent) from the revised May level. Total inventories were down 5.6 percent (±0.9 percent) from the revised June 2019 level. The May 2020 to June 2020 percent change was revised from the advance estimate of down 2.0 percent (±0.2 percent) to down 1.4 percent (±0.2 percent).
The June Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.38. The June 2019 ratio was 1.34.
Posted: August 7, 2020 Friday 10:00 AM