Wholesale inventories down 0.5% in December
Wholesale inventories for December were estimated at an end-of-month level of $898.0 billion, down 0.5% (±0.2%) from November 2024, according to the U.S. Census Bureau's advance retail report January 29. Estimates are adjusted for seasonal variations and trading day differences but not for price changes.
The month's tally was down 0.1% (±0.5%) from December 2023. The October 2024 to November 2024 percentage change was revised from the preliminary estimate of down 0.2% (±0.4%) to down 0.1% (±0.4%)
Advance International Trade in Goods
The international trade deficit was $122.1 billion in December, up $18.6 billion from $103.5 billion in November. Exports of goods for December were $167.5 billion, $7.8 billion less than November exports. Imports of goods for December were $289.6 billion, $10.8 billion more than November imports.
Advance Retail Inventories
Retail inventories for December, also adjusted for seasonal variations and trading day differences but not for price changes, were estimated at an end-of-month level of $823.3 billion, down 0.3% (±0.2%) from November 2024. Inventories were up 5.7% (±0.7%) from December 2023. The October 2024 to November 2024 percentage change was revised from the preliminary estimate of up 0.2% (±0.2%) to virtually unchanged (±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.
