Research >> Economics
Wholesale Inventories up 0.3% in April 2020
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April 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 $395.4 billion, down 16.9 percent (±0.5 percent) from the revised March level and were down 20.7 percent (±0.7 percent) from the revised April 2019 level. The February 2020 to March 2020 percent change was revised from the preliminary estimate of down 5.2 percent (±0.5 percent) to down 5.1 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 $650.4 billion at the end of April, up 0.3 percent (±0.2 percent) from the revised March level. Total inventories were down 2.8 percent (±0.9 percent) from the revised April 2019 level. The March 2020 to April 2020 percent change was revised from the advance estimate of up 0.4 percent (±0.2 percent) to up 0.3 percent (±0.2 percent).
The April Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.65. The April 2019 ratio was 1.34.
Posted: June 9, 2020 Tuesday 10:00 AM