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  FOR IMMEDIATE RELEASE:  Wednesday, April 10, 2024
 Monthly Wholesale Trade Report: February 2024
 April 10, 2024
 SalesFebruary 2024 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $673.7 billion, up 2.3 percent (±0.4 percent) from the revised January level and were up 0.8 percent (±1.1 percent)* from the revised February 2023 level. The December 2023 to January 2024 percent change was revised from the Monthly Wholesale Annual Revision Report of down 1.8 percent (±0.4 percent) to down 1.4 percent (±0.4 percent).

InventoriesTotal inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes, were $901.1 billion at the end of February, up 0.5 percent (±0.4 percent) from the revised January level. Total inventories were down 1.5 percent (±0.9 percent) from the revised February 2023 level. The January 2024 to February 2024 percent change was unrevised from the advance estimate of up 0.5 percent (±0.4 percent).


Inventories/Sales RatioThe February inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.34. The February 2023 ratio was 1.37.



###* The 90 percent confidence interval includes zero. There is insufficient evidence to conclude that the actual change is different from zero.
                                    
                                        Additional Release Tables	 Files are available as Excel or Adobe PDF. All files are [<1 MB].        Monthly Wholesale Trade Report            Monthly Wholesale Trade Report Tables            Adjusted Time Series Table            Not Adjusted Time Series Table            Estimates of Sampling Variability
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