Research >> Economics
Wholesale Inventories down 0.2% in January
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January 2017 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 $463.6 billion, down 0.1 percent (±0.5 percent) from the revised December level, but were up 8.4 percent (±0.9 percent) from the January 2016 level. The November 2016 to December 2016 percent change was revised from the preliminary estimate of up 2.6 percent (±0.7 percent) to up 2.4 percent (±0.7 percent).
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $600.0 billion at the end of January, down 0.2 percent (±0.2 percent) from the revised December level. Total inventories are up 2.2 percent (±0.9 percent) from the revised January 2016 level. The December 2016 to January 2017 percent change was revised from the advance estimate of down 0.1 percent (±0.2 percent) to down 0.2 percent (±0.2 percent).
The January Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.29. The January 2016 ratio was 1.37.
Posted: March 8, 2017 Wednesday 10:00 AM