The chart below show the percent change from the previous year for a variety of metrics related to inventories and sales for different sectors of the economy.
- Merchant wholesalers' inventories to sales ratio increased by 4.51% from the previous year. This suggests that merchant wholesalers are holding more inventory relative to their sales, which could be due to a number of factors, such as increased demand, supply chain disruptions, or uncertainty about the future.
- Retailers' inventories increased by 4.34% from the previous year, but their inventories to sales ratio decreased by 3.17%. This suggests that retailers are selling through their inventory more quickly than they are replacing it, which could be a sign of strong demand.
- Total business inventories increased by 1.37% from the previous year, while the total business inventories to sales ratio decreased by 2.96%. This is similar to the trend we saw for retailers, suggesting that businesses overall are selling through their inventory more quickly than they are replacing it.
- Retailers' sales increased by 1.49% from the previous year, while total business sales decreased by 1.22%. This suggests that retailers are performing better than other sectors of the economy in terms of sales growth.
- Merchant wholesalers' sales decreased by 4.15% from the previous year. This is the largest decline in sales of any sector of the economy, suggesting that merchant wholesalers are struggling.
Overall, the data suggests that the economy is in a mixed state. Some sectors, such as retailers, are performing well, while others, such as merchant wholesalers, are struggling. The increase in inventories to sales ratio for merchant wholesalers is a concern, as it suggests that the sector is building up excess inventory. This could lead to problems down the road, such as price cuts or layoffs, if the excess inventory is not sold.
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