Research >> Economics
Wholesale Inventories down 0.2% in August 2023
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August 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 $662.3 billion, up 1.8 percent (±0.5 percent) from the revised July level, but were down 1.7 percent (±0.7 percent) from the revised August 2022 level. The June 2023 to July 2023 percent change was revised from the preliminary estimate of up 0.8 percent (±0.4 percent) to up 1.2 percent (±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 $900.2 billion at the end of August, down 0.1 percent (±0.4 percent)* from the revised July level. Total inventories were down 1.0 percent (±1.1 percent)* from the revised August 2022 level. The July 2023 to August 2023 percent change was unrevised from the advance estimate of down 0.1 percent (±0.4 percent)*.
The August Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.36. The August 2022 ratio was 1.35.
Posted: October 10, 2023 Tuesday 10:00 AM