October U.S. Wholesale Inventories Fall Slightly from September - Modern Distribution Management

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October U.S. Wholesale Inventories Fall Slightly from September

The September figure was also revised downward.
Warehouse Inventory (Credit Dapa Images via Canva)

The U.S. Census Bureau’s latest wholesale trade statistics for October 2023 logged a decrease in inventories both month-to-month and year-over-year.

Inventories of merchant wholesalers were $897.1 billion at the end of October, down 0.4% from the revised September level and down 2.3% year-over-year.

The September 2023 to October 2023 inventories change was revised down from the advance estimate of down 0.2% to down 0.4, according to the Dec. 7 report.


The bureau reported that October 2023 sales of merchant wholesalers were $667.9 billion, down 1.3% from September’s revised level, and down 0.4% year-over-year. The August to September percent change was revised up from the advance 2.2% estimate to 2.0%.

Inventory-to-Sales Ratio

The October inventory-to-sales ratio for merchant wholesalers, based on seasonally-adjusted data, was 1.34, down from September’s 1.37.

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