Widget Image
Follow PPD Social Media
Connect With PPD
Wednesday, July 17, 2019
HomeNewsEconomyWholesale Inventories Hold Solid Build in May

Wholesale Inventories Hold Solid Build in May

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

Build in Business Inventories Boosting GDP

Wholesale inventories concept depicting by employees having short meeting in the warehouse to check levels of business inventories. First in first out. (Photo: AdobeStock)
Wholesale inventories concept depicting by employees having short meeting in the warehouse to check levels of business inventories. First in first out. (Photo: AdobeStock)

The U.S. Census Bureau reported the second estimate for wholesale inventories in May held steady at a solid 0.4%, meeting the consensus forecast. The advance estimate also posted a reading that could prove another big boost to gross domestic product (GDP).

IndicatorPriorConsensus ForecastForecast RangeResult
Inventories – M/M ∆0.8 %0.4 %0.1 % to 0.4 %0.4 %

All results are after adjustment for seasonal variations but not for price changes.

Inventories Build

Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices came in at $678.1 billion, up 0.4% (±0.2%) from the revised April level.

Business inventories are now up 7.7% (±1.1%) from the revised May 2018 level.

Sales Lag Inventories

Sales of merchant wholesalers, except manufacturers’ sales branches and offices came in at $503.4 billion, up 0.1% (±0.4%) from the revised April level. They’re now up 0.4% (±0.9%) year-over-year.

The March 2019 to April 2019 percent change was unrevised from the preliminary estimate of down 0.4% (±0.5%).

Inventories/Sales Ratio

The May inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.35. The May 2018 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.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.