Wholesale trade measures the dollar value of sales made and inventories held by merchant wholesalers. It is a component of business sales and inventories. Why Investors Care
| Released on 5/8/07 For Mar 2007 | ||||||||
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Highlights
Wholesale inventories rose 0.3 in March for a year-on-year pace of 8.1 percent that's on the low end of trend. Sales at the wholesale level surged in March, up 1.8 percent to a year-on-year pace of 8.4 percent that's on the high end of trend. Despite the surge in sales, the inventory-to-sales ratio tightened 1 tenth to 1.14. Note that petroleum inventories, always volatile due to price changes, rose 3.1 percent in the month for a gain that was well ahead of a 0.8 percent rise for sales.
The wholesale level is the base of the supply chain and an important area to watch. March was a strong month for the economy as it was in the wholesale sector. Inventories for manufacturers showed a 0.2 percent rise in data released last week, while inventory data at retailers will be released with Friday's business inventory report.
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