Research >> Economics
Wholesale Inventories up 0.6% in July 2022
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July 2022 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 $698.0 billion, down 1.4 percent (±0.4 percent) from the revised June level, but were up 15.3 percent (±0.9 percent) from the revised July 2021 level. The May 2022 to June 2022 percent change was revised from the preliminary estimate of up 1.8 percent (±0.4 percent) to up 1.6 percent (±0.4 percent).
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes, were $900.7 billion at the end of July, up 0.6 percent (±0.2 percent) from the revised June level. Total inventories were up 25.1 percent (±1.2 percent) from the revised July 2021 level. The June 2022 to July 2022 percent change was revised from the advance estimate of up 0.8 percent (±0.2 percent) to up 0.6 percent (±0.2 percent).
The July Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices,based on seasonally adjusted data, was 1.29. The July 2021 ratio was 1.19.
Posted: September 9, 2022 Friday 10:00 AM