What was the effect of Hurricane Katrina on U.S. total wholesale sales and inventories for August?
We cannot quantify the effect of Hurricane Katrina on the August 2005 wholesale sales and inventories as the Monthly Wholesale Trade Survey (MWTS) measures wholesale activity on a national level and not at specific geographic areas. The areas affected by the hurricane ordinarily account for a minimal percentage of total U.S. wholesale activity based on the 2002 Economic Census. Furthermore, the effect of Hurricane Katrina on wholesale activity at the national level for August would be much less since Hurricane Katrina only impacted the last few days of August. See http://www.census.gov/econ/www/Katrina.htm for data from the 2002 Economic Census for the areas affected by the Hurricane Katrina.
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- What was the effect of Hurricane Katrina on U.S. total wholesale sales and inventories for August?