Research >> Economics
Wholesale Inventories down 0.5% in June 2023
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June 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 $643.3 billion, down 0.7 percent (±0.5 percent) from the revised May level and were down 6.7 percent (±1.1 percent) from the revised June 2022 level. The April 2023 to May 2023 percent change was revised from the preliminary estimate of down 0.2 percent (±0.4 percent)* to down 0.5 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 $905.2 billion at the end of June, down 0.5 percent (±0.2 percent) from the revised May level. Total inventories were up 1.3 percent (±0.9 percent) from the revised June 2022 level. The May 2023 to June 2023 percent change was revised from the advance estimate of down 0.3 percent (±0.2 percent) to down 0.5 percent (±0.2 percent).
The June Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.41. The June 2022 ratio was 1.30.
Posted: August 8, 2023 Tuesday 10:00 AM