Research >> Economics
Wholesale Inventories down 0.1% in November 2019
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November 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 $500.7 billion, up 1.5 percent (±0.5 percent) from the revised October level and were up 0.8 percent (±1.1 percent)* from the November 2018 level. The September 2019 to October 2019 percent change was revised from the preliminary estimate of down 0.7 percent (±0.5 percent) to down 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 $674.9 billion at the end of November, down 0.1 percent (±0.2 percent)* from the revised October level. Total inventories were up 3.3 percent (±1.2 percent) from the revised November 2018 level. The October 2019 to November 2019 percent change was revised from the advance estimate of virtually unchanged (±0.2 percent)* to down 0.1 percent (±0.2 percent)*.
The November Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.35. The November 2018 ratio was 1.32.
Posted: January 10, 2020 Friday 08:30 AM