Joe Prather For Congress Committee issued the following announcement on Jan 21.
Inventories held by drugs and druggists' sundries wholesalers in September were valued at $62.7 billion, a decrease of 0.2 percent from the same period a year earlier, according to a U.S. Census Bureau report.
Drugs and druggists' sundries wholesalers reported inventories worth $62.9 billion in September 2018.
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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