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Glossary |
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Wholesale inventories
A monthly report issued by the U.S. Census Bureau that tracks changes in wholesale sales and inventory levels. Of the two numbers, the wholesale inventory number is the more significant because high inventory levels can reflect slowing demand and translate into decreased manufacturing production, which in turn can affect Gross Domestic Product (GDP). The significance of the report is reduced, however, because it covers a reporting period two months prior. The data are released around the 10th day of each month and is available at a variety of financial information Web sites.
| Wholesale Trade Sales
The Census Bureau conducts the Monthly Wholesale Trade Survey to provide national estimates of monthly sales, end-of-month inventories, and inventories-to-sales ratios by kind of business for wholesale firms located in the United States. Specifically, the MWTS covers wholesale merchants who sell goods on their own account and include such businesses as wholesale merchants or jobbers, industrial distributors, exporters, and importers. Sales offices and branches maintained by manufacturing, refining, or mining firms for the purpose of marketing their products are not covered in this report. Also excluded is NAICS Industry Group 4251: Wholesale Electronic Markets and Agents and Brokers.
| William C. Dudley
William C. Dudley (born 1952) is the president of Federal Reserve Bank of New York and vice-chairman of the Federal Open Market Committee. He was appointed to the position on January 27, 2009, following the confirmation of his predecessor, Timothy F. Geithner, as United States Secretary of the Treasury.
| World Bank
The World Bank is a collection of international organizations to aid countries in their process of economic development with loans, advice, and research. It was founded in the 1940s to aid Western European countries after World War II with capital.
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