Joe prather for congress committee issued the following announcement on Oct 8.
Sales by grugs and druggists' sundries wholesalers in June were $60.2 billion, a decrease of 0.4 percent from the revised May 2019 level, according to a U.S. Census Bureau report which was released in August.
Grugs and druggists' sundries wholesalers reported total sales of $60.4 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.
Original source here.
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