February wholesale inventories up 0.5% from January
The U.S. Census Bureau reported wholesale inventories for February, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $901.1 billion, up 0.5% (±0.4%) from January 2024, and were down 1.6% (±1.1%) from February 2023. The December 2023 to January 2024 percentage change was unrevised from down 0.2% (±0.2%).
The international trade deficit was $91.8 billion in February, up $1.3 billion from $90.5 billion in January. Exports of goods for February were $175.1 billion, $4.8 billion more than January exports. Imports of goods for February were $266.9 billion, $6.1 billion more than January imports.
Retail inventories for February, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $808.8 billion, up 0.5% (±0.2%) from January 2024, and were up 5.6% (±0.5%) from February 2023. The December 2023 to January
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.
