Key Insights into US Wholesale Inventories for January 2024

Wednesday, 6 March 2024, 15:00

The latest data for US wholesale inventories in January revealed a 0.3% revision from the preliminary -0.1%. Wholesale sales experienced a significant decline of 1.7% from the previous month, marking the worst performance since March 2023. The adjustments in sales and inventories reflect a notable impact on the economic conditions for merchant wholesalers in the US.
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Key Insights into US Wholesale Inventories for January 2024

Sales Overview:

Summary of the sales: Worst since March 2023

  • January 2024 sales for merchant wholesalers, excluding manufacturers' sales branches and offices, were $657.2 billion after adjustments for seasonal variations and trading day differences.
  • Sales in January 2024 saw a decrease of 1.7% (±0.4%) from the revised December 2023 level.
  • Compared to the revised January 2023 level, sales in January 2024 were down by 1.5% (±0.9%).
  • The November to December 2023 sales change was revised from an initial estimate of a 0.7% increase (±0.5%) to a 0.3% increase (±0.5%).

Inventories Overview:

Summary of inventories:

  • Total inventories of merchant wholesalers, excluding manufacturers' sales branches and offices, were $895.1 billion at the end of January 2024, after adjustments for seasonal variations and trading day differences.
  • Inventories in January 2024 decreased by 0.3% (±0.2%) from the revised December 2023 level.
  • Compared to the revised January 2023 level, total inventories were down by 2.5% (±1.1%).
  • The December 2023 to January 2024 inventory change was revised from an advance estimate of a 0.1% decrease (±0.2%) to a 0.3% decrease (±0.2%).

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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