Research >> Economics
Wholesale Inventories up 0.1% in June
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The U.S. Census Bureau announced today that June 2010 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 $347.4 billion, down 0.7 percent (+/-0.5%) from the revised May level, but were up 12.9 percent (+/-1.6%) from the June 2009 level. The May preliminary estimate was revised downward $0.8 billion or 0.2 percent. June sales of durable goods were down 0.2 percent (+/-0.9%) from last month, but were up 16.1 percent (+/-1.8%) from a year ago. Sales of lumber and other construction materials were down 3.2 percent from last month, while sales of motor vehicle and motor vehicle parts and supplies were up 2.9 percent. Sales of nondurable goods were down 1.1 percent (+/-1.1%) from last month, but were up 10.3 percent (+/-2.1%) from last year. Sales of petroleum and petroleum products were down 5.5 percent from last month.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $399.2 billion at the end of June, up 0.1 percent (+/-0.4%) from the revised May level, but were down 0.3 percent (+/-1.2%) from a year ago. The May preliminary estimate was revised downward $0.1 billion. End-of-month inventories of durable goods were up 0.3 percent (+/-0.4%) from last month, but were down 2.6 percent (+/-1.4%) from last June. Inventories of electrical and electronic goods were up 2.4 percent from last month. End-of-month inventories of nondurable goods were down 0.2 percent (+/-0.9%) from May, but were up 3.5 percent (+/-2.1%) compared to last June. Inventories of farm product raw materials were down 4.7 percent from last month, while inventories of chemicals and allied products were up 3.5 percent.
The June inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.15. The June 2009 ratio was 1.30.
Posted: August 10, 2010 Tuesday 10:00 AM