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Thursday, June 20, 2019
HomeNewsEconomyWholesale Trade: Inventories Rose Faster than Sales in November

Wholesale Trade: Inventories Rose Faster than Sales in November

Employees have short meeting in the warehouse to check business inventory levels of goods. First in first out. (Photo: AdobeStock)
Employees have short meeting in the warehouse to check business inventory levels of goods. First in first out. (Photo: AdobeStock)
Employees have short meeting in the warehouse to check business inventory levels of goods. First in first out. (Photo: AdobeStock)

The monthly wholesale trade report found inventories rising faster than sales, up a modest 0.3% juxtaposed to a decline of 0.6%.

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 $505.3 billion in November 2018.

That decline (±0.4%) is still 4.0% (±3.5%) higher than the November 2017 level. The September 2018 to October 2018 percent change was revised from the preliminary estimate of down 0.2% (±0.5%)* to down 0.6% (±0.5%).

Meanwhile, total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, came in at $654.0 billion at the end of November, up 0.3% (±0.2%) from the revised October level.

Total inventories were up 6.5% (±4.4%) from the revised November 2017 level.

The November inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.29. The November 2017 ratio was 1.26.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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