Research >> Economics
Wholesale Inventories up 1.3% in July
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The U.S. Census Bureau announced today that July 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 $350.1 billion, up 0.6 percent (+/-0.5%) from the revised June level and were up 12.7 percent (+/-1.6%) from the July 2009 level. The June preliminary estimate was revised upward $0.6 billion or 0.2 percent. July sales of durable goods were up 0.5 percent (+/-0.9%) from last month and were up 14.8 percent (+/-1.6%) from a year ago. Sales of machinery, equipment, and supplies were up 3.3 percent from last month. Sales of nondurable goods were up 0.6 percent (+/-0.7%) from last month and were up 10.9 percent (+/-2.3%) from last year.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $405.0 billion at the end of July, up 1.3 percent (+/-0.4%) from the revised June level and were up 2.5 percent (+/-1.2%) from a year ago. The June preliminary estimate was revised upward $0.8 billion or 0.2 percent. End-of-month inventories of durable goods were up 1.0 percent (+/-0.4%) from last month, but were virtually unchanged (+/-1.6%) from last July. Inventories of metals and minerals, except petroleum were up 2.7 percent from last month and electrical and electronic goods were up 2.1 percent. End-of-month inventories of nondurable goods were up 1.7 percent (+/-0.7%) from June and were up 6.4 percent (+/-2.1%) compared to last July. Inventories of farm product raw materials were up 11.6 percent from last month and inventories of apparel, piece goods, and notions were up 4.1 percent.
The July inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted da data, was 1.16. The July 2009 ratio was 1.27.
Posted: September 10, 2010 Friday 10:00 AM