East Wake Times

East Wake Times

Monday, February 17, 2020

Motor vehicle and motor vehicle parts and supplies wholesalers report 1.7 percent increase in November sales

Community

By Metric Media News Service | Feb 1, 2020

Shutterstock 113962678

Sales by motor vehicle and motor vehicle parts and supplies wholesalers in November were $40.7 billion, an increase of 1.7 percent from the revised October 2019 level, according to a U.S. Census Bureau report which was released in January.

Motor vehicle and motor vehicle parts and supplies wholesalers reported total sales of $40 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.

Want to get notified whenever we write about U.S. Census Bureau ?

Sign-up Next time we write about U.S. Census Bureau, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

U.S. Census Bureau

More News