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Saturday, April 4, 2020

Apparel, piece goods and notions wholesalers report 1.9 percent increase in December sales


By Metric Media News Service | Mar 19, 2020

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Sales by apparel, piece goods and notions wholesalers in December were $12.6 billion, an increase of 1.9 percent from the revised November 2019 level, according to a U.S. Census Bureau report which was released in February.

Apparel, piece goods and notions wholesalers reported total sales of $12.4 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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