Research >> Economics
Wholesale Inventories down 1.3% in March 2024
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March 2024 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 $662.8 billion, down 1.3 percent (±0.5 percent) from the revised February level, but were up 1.4 percent (±0.9 percent) from the revised March 2023 level. The January 2024 to February 2024 percent change was revised from the preliminary estimate of up 2.3 percent (±0.4 percent) to up 2.0 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 $894.7 billion at the end of March, down 0.4 percent (±0.2 percent) from the revised February level. Total inventories were down 2.3 percent (±0.9 percent) from the revised March 2023 level. The February 2024 to March 2024 percent change was unrevised from the advance estimate of down 0.4 percent (±0.2 percent).
The March inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.35. The March 2023 ratio was 1.40.
Posted: May 8, 2024 Wednesday 10:00 AM