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North Wake News

Tuesday, February 25, 2020

Chemicals and allied products wholesalers report 3.9 percent decrease in September sales


By Metric Media News Service | Dec 13, 2019

Sales by chemicals and allied products wholesalers in September were $11.1 billion, a decrease of 3.9 percent from the revised August 2019 level, according to a U.S. Census Bureau report which was released in November.

Chemicals and allied products wholesalers reported total sales of $11.6 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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