Prior month +0.2%US wholesale inventories (revised) -0.2% versus -0.1% estimate (and preliminary)Wholesale sales +0.3% versus positive 0.2% estimate
Sales
September 2024 sales for merchant wholesalers (excluding manufacturers’ sales branches and offices) reached $674.8 billion.Increased by 0.3% from the revised August level.Decreased by 0.4% compared to September 2023.July to August 2024 percent change was revised:From a preliminary estimate of -0.1% to +0.2%.
Inventories
Total inventories for merchant wholesalers (excluding manufacturers’ sales branches and offices) were $903.7 billion at the end of September.Decreased by -0.2% from the revised August level.Increased by 0.3% compared to September 2023.August to September 2024 inventory change was revised:From an advance estimate of -0.1% to -0.2%.
Inventories/Sales Ratio
The September 2024 inventories-to-sales ratio for merchant wholesalers was 1.34.Slightly up from 1.33 in September 2023
What is interesting is the sales from the previous month was revised to +0.2% from -0.1%.
This article was written by Greg Michalowski at www.forexlive.com.
