Research >> Economics
Wholesale Inventories down 0.8% in March 2020
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March 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 $475.0 billion, down 5.2 percent (±0.5 percent) from the revised February level and were down 5.2 percent (±0.5 percent) from the revised March 2019 level. The January 2020 to February 2020 percent change was revised from the preliminary estimate of down 0.8 percent (±0.5 percent) to down 0.7 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 $650.7 billion at the end of March, down 0.8 percent (±0.2 percent) from the revised February level. Total inventories were down 2.0 percent (±0.9 percent) from the revised March 2019 level. The February 2020 to March 2020 percent change was revised from the advance estimate of down 1.0 percent (±0.2 percent) to down 0.8 percent (±0.2 percent).
The March Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.37. The March 2019 ratio was 1.33.
Posted: May 8, 2020 Friday 10:00 AM