Aubyn Curtiss For U S Senate Committee issued the following announcement on Nov 2.
Inventories held by machinery, equipment and supplies wholesalers in August were valued at $111.5 billion, an increase of 1 percent from the revised July 2019 level, according to a U.S. Census Bureau report which was released in October.
Machinery, equipment and supplies wholesalers reported total inventories worth $110.3 billion the previous month.
The data is after adjustment for seasonal variations and trading day differences, but not for price changes.
The Census Bureau conducts a monthly wholesale trade survey in order to provide an up-to-date indication of sales and inventory trends for U.S. merchant wholesalers, excluding manufacturers' sales branches and offices.
The survey is considered to be a reliable measure of current economic activity.
Information requested in the survey includes monthly sales reports, end-of-month inventories, number of establishments covered by the report, and the ending date of the reporting period.
Original source here.
Alerts Sign-up