Sales
March 2026 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes, were $772.2 billion, up 2.8 percent (±0.4 percent) from the revised February level and were up 10.9 percent (±1.2 percent) from the revised March 2025 level. The January 2026 to February 2026 percent change was revised from the preliminary estimate of up 2.7 percent (±0.4 percent) to up 2.6 percent (±0.4 percent).
Inventories
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes, were $932.8 billion at the end of March, up 1.3 percent (±0.2 percent) from the revised February level. Total inventories were up 2.9 percent (±1.1 percent) from the revised March 2025 level. The February 2026 to March 2026 percent change was revised from the advance estimate of up 1.4 percent (±0.2 percent) to up 1.3 percent (±0.2 percent).
Inventories/Sales Ratio
The March inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.21. The March 2025 ratio was 1.30.
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* The 90 percent confidence interval includes zero. There is insufficient evidence to conclude that the actual change is different from zero.
