Wholesalers in the United States closed 2021 on a positive note, as sales climbed for the fourth straight month in December.
Source: US Census Bureau
Seasonally adjusted total trade for the month stood at $634.6 billion, up 0.2% from November’s revised level of $633.276 billion and 21.8% higher than December 2020s $521.119 billion.
Total inventories of merchant wholesalers were recorded at $790.8 billion, up by 2.2% from November’s revised level and 18.5% higher than the revised December 2020 level.
The percent change of sales from October to November was revised higher to 1.7% from 1.3%, while inventories’ percentage change from November to December was revised higher to 2.2% from 2.1%.
December inventories/sales ratio for December stood at 1.25, down from 1.28 in December 2020.