Total inventories of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations but not for price changes, were $601.1 billion at the end of December, up 1.0 percent (±0.4 percent) from the revised November level. Total inventories are up 2.6 percent (±1.4 percent) from the revised December 2015 level. The November 2016 to December 2016 percent change was unrevised from the advance estimate of up 1.0 percent (± 0.4 percent).