Research >> Economics
Wholesale Inventories up 0.3% in June
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The U.S. Census Bureau announced today that June 2014 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 $454.4 billion, up 0.2 percent (+/-0.7)* from the revised May level and were up 6.5 percent (+/-1.8%) from the June 2013 level. The May preliminary estimate was revised upward $0.2 billion. June sales of durable goods were up 1.4 percent (+/-0.9%) from last month and were up 6.6 percent (+/-1.2%) from a year ago. Sales of nondurable goods were down 0.7 percent (+/-0.7%)* from May, but were up 6.5 percent (+/-3.2%) from last June. Sales of farm product raw materials were down 8.1 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 $533.5 billion at the end of June, up 0.3 percent (+/-0.4%)* from the revised May level and were up 7.9 percent (+/-0.9%) from the June 2013 level. The May preliminary estimate was revised downward $0.9 billion or 0.2 percent. June inventories of durable goods were up 0.7 percent (+/-0.4%) from last month and were up 8.8 percent (+/-1.2%) from a year ago. Inventories of metals and minerals, except petroleum, were up 3.2 percent from last month and inventories of computer and computer peripheral equipment and software were up 1.8 percent. Inventories of nondurable goods were down 0.2 percent (+/-0.5%)* from May, but were up 6.4 percent (+/-1.1%) from last June. Inventories of farm product raw materials were down 5.3 percent from last month, while inventories of chemicals and allied products were up 2.6 percent.
The June inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.17. The June 2013 ratio was 1.16.
Posted: August 8, 2014 Friday 10:00 AM