Research >> Economics
Wholesale Inventories down 0.2% in December 2019
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December 2019 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 $494.4 billion, down 0.7 percent (±0.4 percent) from the revised November level, but were up 0.5 percent (±1.1 percent)* from the revised December 2018 level. The October 2019 to November 2019 percent change was revised from the preliminary estimate of up 1.5 percent (±0.5 percent) to up 0.9 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 $674.5 billion at the end of December, down 0.2 percent (±0.4 percent)* from the revised November level. Total inventories were up 2.1 percent (±1.1 percent) from the revised December 2018 level. The November 2019 to December 2019 percent change was revised from the advance estimate of down 0.1 percent (±0.4 percent)* to down 0.2 percent (±0.4 percent)*.
The December Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.36. The December 2018 ratio was 1.34.
Posted: February 7, 2020 Friday 10:00 AM