August 2023 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 $662.3 billion, up 1.8% from the revised July level, but down 1.7% from August 2022.
Total inventories were $900.2 billion at the end of August, down 0.1% from the revised July level. Total inventories were down 1% from August 2022.
The August inventories/sales ratio was 1.36. The August 2022 ratio was 1.35.