April 12, 2021
Since adjusting for seasonal variations and trading day differences but not for price changes, according to the US Census Bureau, merchant wholesalers’ February 2021 revenues were $538.3 billion, down 0.8% ((±0.7%) from the revised January amount but up 6.4% (±0.9%) from the revised February 2020 level. The percent improvement from December 2020 to January 2021 was changed from a tentative estimate of up 4.9% (0.7%) to up 4.4% (1.1%).
Total merchant wholesaler inventories, except manufacturers’ sales branches and offices, were $682.5 billion at the end of February, up 0.6% (±0.4%) from the revised January mark, after adjusting for seasonal variations and trade day differences but not for price changes. Total inventories increased 2.0% (±1.1%) from the updated February 2020 mark. The percent improvement from January 2021 to February 2021 was changed from an advance forecast of up 0.5% (±0.4%) to up 0.6% (±0.4%).
Based on seasonally adjusted data, the inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, was 1.27 in February. The ratio in February 2020 was 1.32.
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