Research >> Economics
Wholesale Inventories down 0.2% in November 2023
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November 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 $666.6 billion, virtually unchanged (±0.2 percent)* from the revised October level, but were up 0.5 percent (±0.9 percent)* from the revised November 2022 level. The September 2023 to October 2023 percent change was revised from the preliminary estimate of down 1.3 percent (±0.5 percent) to down 1.5 percent (±0.5 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 $896.2 billion at the end of November, down 0.2 percent (±0.4 percent)* from the revised October level. Total inventories were down 3.0 percent (±1.1 percent) from the revised November 2022 level. The October 2023 to November 2023 percent change was unrevised from the advance estimate of down 0.2 percent (±0.4 percent)*.
The November Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.34. The November 2022 ratio was 1.39.
Posted: January 10, 2024 Wednesday 10:00 AM