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Drugs and druggists' sundries wholesalers report 5.7 percent increase in year-over-year November inventories

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By Metric Media News Service | Feb 26, 2020

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Inventories held by drugs and druggists' sundries wholesalers in November were valued at $66.3 billion, an increase of 5.7 percent over the same period a year earlier, according to a U.S. Census Bureau report.

Drugs and druggists' sundries wholesalers reported inventories worth $62.7 billion in November 2018.

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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