US Wholesale Inventories Rise by 0.8% in January

Source: Census Bureau

The US recorded total inventories of merchant wholesalers of $799.9 billion in January, up by 0.8% from the previous month. SPY is down -0.73%, DXY is down -0.12%.

• Compared to January 2021, the total inventories were up by 18.1%.
• The gain happens slower compared to sales of merchant wholesalers, which ticked higher by 4.0% in January from December to $663.9 billion. Compared to January 2021, the sales were 22.4% higher.
• Overall inventories to sales ratio in January was 1.20, compared to a ratio of 1.25 in the comparable month of last year.