Research >> Economics
Wholesale Inventories up 1.1% in October 2020
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October 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 $496.6 billion, up 1.8 percent (±0.4 percent) from the revised September level and were up 0.9 percent (±0.7 percent) from the revised October 2019 level. The August 2020 to September 2020 percent change was revised from the preliminary estimate of up 0.1 percent (±0.4 percent)* to up 0.4 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 $649.0 billion at the end of October, up 1.1 percent (±0.4 percent) from the revised September level. Total inventories were down 2.2 percent (±0.9 percent) from the revised October 2019 level. The September 2020 to October 2020 percent change was revised from the advance estimate of up 0.9 percent (±0.4 percent) to up 1.1 percent (±0.4 percent).
The October Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.31. The October 2019 ratio was 1.35.
Posted: December 9, 2020 Wednesday 10:00 AM