Research >> Economics
Wholesale Inventories up 0.8% in November
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November 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 $492.4 billion, up 1.5 percent (±0.5 percent) from the revised October level and were up 9.8 percent (±0.9 percent) from the November 2016 level. The September 2017 to October 2017 percent change was revised from the preliminary estimate of up 0.7 percent (±0.5 percent) to up 0.8 percent (±0.5 percent).
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $611.0 billion at the end of November, up 0.8 percent (±0.4 percent) from the revised October level. Total inventories were up 4.0 percent (±0.7 percent) from the revised November 2016 level. The October 2017 to November 2017 percent change was revised from the advance estimate of up 0.7 percent (±0.4 percent) to up 0.8 percent (±0.4 percent).
The November inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.24. The November 2016 ratio was 1.31.
Posted: January 10, 2018 Wednesday 10:00 AM