Research >> Economics
Wholesale Inventories unch% in May 2023
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May 2023 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 $650.2 billion, down 0.2 percent (±0.4 percent)* from the revised April level and were down 4.0 percent (±1.2 percent) from the revised May 2022 level. The March 2023 to April 2023 percent change was revised from the preliminary estimate of up 0.2 percent (±0.4 percent)* to virtually unchanged (±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 $913.7 billion at the end of May, virtually unchanged (±0.2 percent)* from the revised April level. Total inventories were up 3.7 percent (±0.9 percent) from the revised May 2022 level. The April 2023 to May 2023 percent change was revised from the advance estimate of down 0.1 percent (±0.2 percent)* to virtually unchanged (±0.2 percent)*.
The May inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.41. The May 2022 ratio was 1.30
Posted: July 10, 2023 Monday 10:00 AM