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“Total inventories of merchant wholesalers were $661.8 billion at the end of December, up 1.1 percent  from the revised November level,” the U.S. Census Bureau reported on Monday.

Key takeaways from the press release

  • Total inventories were up 7.3 percent from the revised December 2017 level.
  • December 2018 sales of merchant wholesalers  were $497.2 billion, down 1.0 percent  from the revised November level, but were up 1.0 percent from the December 2017 level.
  • The December inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.33.
    • The December 2017 ratio was 1.25.