Metals and non-petroleum minerals wholesalers report 2.2 percent decrease in July inventories

Inventories held by metals and non-petroleum minerals wholesalers in July were valued at $33.9 billion, a decrease of 2.2 percent from the revised June 2019 level, according to a U.S. Census Bureau report which was released in September.

Metals and non-petroleum minerals wholesalers reported total inventories worth $34.7 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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