U.S. wholesale trade revenues, except manufacturers’ sales branches and offices, were $693.8 billion in January 2023, up 1% from the revised December level and up 3.6% from a year ago. That’s according to the U.S. Census Bureau in its latest wholesale trade report.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, were $929 billion at the end of January, down 0.4% from the revised December level. Total inventories were up 15.8% from the revised January 2022 level.
The January inventories/sales ratio was 1.34. The January 2022 ratio was 1.2.