December inventories up marginally from November
The U.S. Census Bureau reports December 2023 end-of-month inventories were $803.3 billion, up 0.8% (+/- 0.2%) from last month.
Advance International Trade in Goods
The international trade deficit was $88.5 billion in December, down $0.9 billion from $89.3 billion in November. Exports of goods for December were $169.8 billion, $4.1 billion more than November exports. Imports of goods for December were $258.3 billion, $3.2 billion more than November imports.
Advance Wholesale Inventories
Wholesale inventories for December, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $897.7 billion, up 0.4% (±0.4%)* from November 2023, and were down 2.7% (±1.1%) from December 2022. The October 2023 to November 2023 percentage change was revised from down 0.2% (±0.4%)* to down 0.4 percent (±0.4 percent)*.
Advance Retail Inventories
Retail inventories for December, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $803.3 billion, up 0.8% (±0.2%) from November 2023, and were up 5.3% (±0.7%) from December 2022. The October 2023 to November 2023 percentage change was revised from down 0.1% (±0.2%)* to up 0.1% (±0.2%)*.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
