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Monday, February 24, 2020

Farm product raw materials wholesalers report 10.1 percent increase in November sales

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By Metric Media News Service | Feb 14, 2020

Money 07

Sales by farm product raw materials wholesalers in November were $16.9 billion, an increase of 10.1 percent from the revised October 2019 level, according to a U.S. Census Bureau report which was released in January.

Farm product raw materials wholesalers reported total sales of $15.3 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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