U.S. Wholesale Sales, Inventories Slid in January - Modern Distribution Management

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U.S. Wholesale Sales, Inventories Slid in January

The latest Census Bureau figures indicate January was a weakened month for sales, both month-to-month and year-over-year.
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The U.S. Census Bureau shared its monthly wholesale trade statistics for January 2024 sales and inventories on March 6.


The report showed that January sales for merchant wholesalers (except manufacturers’ sales branches and offices, seasonally adjusted, but not for price), were $657.2 billion, down 1.7% from the revised December level and down 1.5% year-over-year. December’s month-to-month figure was revised down from the preliminary estimate of up 0.7% to up 0.3%


The report showed that January total inventories of wholesalers were $895.1 billion, down 0.3% from the revised December level and down 2.5% year-over-year. The December month-to-month figure was revised from down 0.1% to down 0.3%.

Inventories/Sales Ratio

The report showed that the January inventories-to-sales ratio for wholesalers was 1.36, up from December’s 1.34 and down from the 1.38 of a year earlier.

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