Research >> Economics
Wholesale Inventories down 0.2% in July 2023
|
July 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 $648.1 billion, up 0.8 percent (±0.4 percent) from the revised June level, but were down 4.2 percent (±0.7 percent) from the revised July 2022 level. The May 2023 to June 2023 percent change was revised from the preliminary estimate of down 0.7 percent (±0.5 percent) to down 0.8 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 $902.3 billion at the end of July, down 0.2 percent (±0.2 percent)* from the revised June level. Total inventories were up 0.5 percent (±1.1 percent)* from the revised July 2022 level. The June 2023 to July 2023 percent change was revised from the advance estimate of down 0.1 percent (±0.2 percent)* to down 0.2 percent (±0.2 percent)*.
The July Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.39. The July 2022 ratio was 1.33.
Posted: September 8, 2023 Friday 10:00 AM