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Tuesday, February 18, 2020

Household appliances and electrical and electronic goods wholesalers report 3.4 percent increase in year-over-year October inventories

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By Metric Media News Service | Feb 13, 2020

Money272

Inventories held by household appliances and electrical and electronic goods wholesalers in October were valued at $58.3 billion, an increase of 3.4 percent over the same period a year earlier, according to a U.S. Census Bureau report.

Household appliances and electrical and electronic goods wholesalers reported inventories worth $56.4 billion in October 2018.

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.

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U.S. Census Bureau

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