Research >> Economics
Wholesale Inventories down 0.4% in October 2023
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October 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 $667.9 billion, down 1.3 percent (±0.5 percent) from the revised September level and were down 0.4 percent (±0.7 percent)* from the revised October 2022 level. The August 2023 to September 2023 percent change was revised from the preliminary estimate of up 2.2 percent (±0.5 percent) to up 2.0 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 $897.1 billion at the end of October, down 0.4 percent (±0.4 percent)* from the revised September level. Total inventories were down 2.3 percent (±1.1 percent) from the revised October 2022 level. The September 2023 to October 2023 percent change was revised from the advance estimate of down 0.2 percent (±0.4 percent)* to down 0.4 percent (±0.4 percent)*.
The October Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.34. The October 2022 ratio was 1.37.
Posted: December 7, 2023 Thursday 10:00 AM