Employees have short meeting in the warehouse to check business inventory levels of goods. First in first out. (Photo: AdobeStock)
The U.S. Census Bureau report on wholesale trade statistics shows business inventories building in May under the pressure of solid sales.
Sales of merchant wholesalers in May — except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes — came in at $509.0 billion. That’s up 2.5% (±0.4) from the revised April level and 11.8% (±3.3) higher than in May 2017.
The percentage change from March 2018 to April 2018 was revised from the preliminary estimate of up 0.8% (±0.4) to up a much stronger 1.4% (±0.4).
Total inventories of merchant wholesalers — except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes — came in at $633.5 billion at the end of May. That’s up 0.6% (±0.2) from the revised April level.
Total inventories were up 5.9% (±3.7) from the revised May 2017 level.
The percentage change from April 2018 to May 2018 was revised from the advance estimate of up 0.5% (±0.2) to up 0.6% (±0.2).
The May inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.24. The May 2017 ratio was 1.31.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.