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Wholesale inventories increased by 0.8% in January companies struggled to rebuild stockpiles after the holiday season, and the firms are trying to meet strong demand.
Source: US Census Bureau
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The total wholesale inventories increased 18.1 % from the revised figures in January 2021.
Sales in the month rose 4% to reach $663.9 billion from the revised December figures and were up 22.4% from January a year ago.
The inventory-to-sales ratio dropped to 1.20 from 1.24, matching the COVID-19 pandemic low. The ratio measures how long it takes for a company to sell all goods on its warehouse shelves.
The low figures signal the challenges for businesses to produce adequate goods to meet customer needs amid a shortage of labor and supplies.
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