Research >> Economics
Wholesale Inventories down 0.4% in January 2023
|
January 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 $693.8 billion, up 1.0 percent (±0.7 percent) from the revised December level and were up 3.6 percent (±0.9 percent) from the revised January 2022 level. The November 2022 to December 2022 percent change was revised from the preliminary estimate of virtually unchanged (±0.5 percent)* to down 0.2 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 $929.0 billion at the end of January, down 0.4 percent (±0.4 percent)* from the revised December level. Total inventories were up 15.8 percent (±0.7 percent) from the revised January 2022 level. The December 2022 to January 2023 percent change was unrevised from the advance estimate of down 0.4 percent (±0.4 percent)*.
The January Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.34. The January 2022 ratio was 1.20.
Posted: March 7, 2023 Tuesday 10:00 AM