Research >> Economics
Wholesale Inventories down 0.3% in July 2020
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July 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 $479.2 billion, up 4.6 percent (±0.5 percent) from the revised June level, but were down 4.0 percent (±0.9 percent) from the revised July 2019 level. The May 2020 to June 2020 percent change was revised from the preliminary estimate of up 8.8 percent (±0.9 percent) to up 9.0 percent (±0.9 percent).
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $632.3 billion at the end of July, down 0.3 percent (±0.2 percent) from the revised June level. Total inventories were down 5.6 percent (±0.9 percent) from the revised July 2019 level. The June 2020 to July 2020 percent change was revised from the advance estimate of down 0.1 percent (±0.2 percent)* to down 0.3 percent (±0.2 percent).
The July Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices,based on seasonally adjusted data, was 1.32. The July 2019 ratio was 1.34.
Posted: September 10, 2020 Thursday 10:00 AM