Advance: November U.S. Wholesale Inventories Dip 0.2% - Modern Distribution Management

Log In

Advance: November U.S. Wholesale Inventories Dip 0.2%

Wholesale inventories have fallen in nine of 11 months through November 2023.
Worker Moves Cardboard Boxes using Hand Pallet Truck, Walking between Rows of Shelves with Goods in Retail Warehouse. People Work in Product Distribution Logistics Center. Side View Shot

The U.S. Census Bureau issued its monthly advance report for several economic indicators on Dec. 28, showing that wholesale inventories logged another slight decrease month-over-month and a moderate decrease year-over-year.

The report showed that November wholesale inventories, adjusted for seasonal variations and trading day differences but not for price changed, ended the month at an estimated level of $895.7 billion, down 0.2% from October and down 3.1% year-over-year.

October’s month-to-month wholesale inventories percentage change was revised down slightly from the preliminary estimate of -0.4% to -0.3%.

Year-to-date, wholesale inventories have fallen in nine of 11 months through November 2023, with the exceptions of September’s 0.1% increase and a flat February.

Advance International Trade in Goods

The report showed that the international trade deficit was $90.3 billion in November, up $0.7 billion from from October. Exports of goods for November were $165.1 billion, down $6.2 billion from October. Imports of goods for November were $255.5 billion, down $5.5 billon from October.

Advance Retail Inventories

Retail inventories at the end of November were estimated at $794.9 billion, down 0.1% from October and up 5.1% year-over-year. October’s month-to-month retail inventories percentage change was unrevised from its preliminary estimate of down 0.1%.


The Bureau will release its final economic indicators report for the month of November on Jan. 10.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.