Hardware and plumbing and heating equipment and supplies wholesalers report 1.9 percent increase in August inventories


Inventories held by hardware and plumbing and heating equipment and supplies wholesalers in August were valued at $27.9 billion, an increase of 1.9 percent from the revised July 2019 level, according to a U.S. Census Bureau report which was released in October.

Hardware and plumbing and heating equipment and supplies wholesalers reported total inventories worth $27.4 billion the previous month.

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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