Research >> Economics
Wholesale Inventories up 0.4% in February
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February 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 $464.9 billion, up 0.6 percent (±0.4 percent) from the revised January level and were up 9.9 percent (±1.1 percent) from the February 2016 level. The December 2016 to January 2017 percent change was revised1 from down 0.1 percent (±0.5 percent)* to up 0.3 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 $594.2 billion at the end of February, up 0.4 percent (±0.2 percent) from the revised January level. Total inventories are up 3.2 percent (±0.7 percent) from the revised February 2016 level. The January 2017 to February 2017 percent change was unrevised from the advance estimate of up 0.4 percent (±0.2 percent).
The February inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.28. The February 2016 ratio was 1.36.
Posted: April 7, 2017 Friday 10:00 AM