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Furniture and home furnishings wholesalers report 1 percent decrease in August inventories

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By Local Labs News Service | Oct 27, 2019

Money 03

Inventories held by furniture and home furnishings wholesalers in August were valued at $14.3 billion, a decrease of 1 percent from the revised July 2019 level, according to a U.S. Census Bureau report which was released in October.

Furniture and home furnishings wholesalers reported total inventories worth $14.4 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.

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