Sales
April 2024 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 $663.8 billion, up 0.1 percent (±0.4 percent)* from the revised March level and were up 1.4 percent (±0.9 percent) from the revised April 2023 level. The February 2024 to March 2024 percent change was unrevised from the preliminary estimate of down 1.3 percent (±0.4 percent).
Inventories
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes, were $895.8 billion at the end of April, up 0.1 percent (±0.4 percent)* from the revised March level. Total inventories were down 1.7 percent (±0.7 percent) from the revised April 2023 level. The March 2024 to April 2024 percent change was revised from the advance estimate of up 0.2 percent (±0.4 percent)* to up 0.1 percent (±0.4 percent)*.
Inventories/Sales Ratio
The April inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.35. The April 2023 ratio was 1.39.
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* The 90 percent confidence interval includes zero. There is insufficient evidence to conclude that the actual change is different from zero.
