Research >> Economics
Wholesale Inventories up 0.9% in June
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The U.S. Census Bureau announced today that June 2015 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 $449.9 billion, up 0.1 percent (+/-0.7)* from the revised May level, but were down 3.8 percent (+/-1.2%) from the June 2014 level. The May preliminary estimate was revised downward $0.5 billion or 0.1 percent. June sales of durable goods were down 1.1 percent (+/-1.1%)* from last month and were down 1.5 percent (+/-1.6%)* from a year ago. Sales of motor vehicle and motor vehicle parts and supplies were down 2.8 percent from last month and sales of machinery, equipment, and supplies were down 2.2 percent. Sales of nondurable goods were up 1.2 percent (+/-0.7%) from May, but were down 5.7 percent (+/-1.8%) from last June. Sales of petroleum and petroleum products were up 3.7 percent from last month and sales of farm product raw materials were up 3.6 percent.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $586.2 billion at the end of June, up 0.9 percent (+/-0.4%) from the revised May level and were up 5.4 percent (+/-1.4%) from the June 2014 level. The May preliminary estimate was revised downward $1.1 billion or 0.2 percent. June inventories of durable goods were up 0.1 percent (+/-0.4%)* from last month and were up 5.4 percent (+/-1.8%) from a year ago. Inventories of motor vehicle and motor vehicle parts and supplies were up 2.0 percent from last month, while inventories of computer and computer peripheral equipment and software were down 2.1 percent. Inventories of nondurable goods were up 2.3 percent (+/-0.5%) from May and were up 5.5 percent (+/-1.8%) from last June. Inventories of farm product raw materials were up 15.5 percent from last month and inventories of petroleum and petroleum products were up 3.6 percent.
The June inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.30. The June 2014 ratio was 1.19.
Posted: August 11, 2015 Tuesday 10:00 AM