Research >> Economics
Wholesale Inventories down 0.2% in June
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The U.S. Census Bureau announced today that June 2013 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 $425.9 billion, up 0.4 percent (+/-0.5%)* from the revised May level and were up 5.6 percent (+/-2.8%) from the June 2012 level. The May preliminary estimate was revised downward $0.4 billion or 0.1 percent. June sales of durable goods were up 1.1 percent (+/-0.5%) from last month and were up 5.4 percent (+/-3.3%) from a year ago. Sales of electrical and electronic goods were up 3.7 percent from last month. Sales of nondurable goods were down 0.2 percent (+/-0.5%)* from May, but were up 5.8 percent (+/-3.9%) from last June. Sales of grocery and related products were down 1.8 percent from last month, while sales of petroleum and petroleum products were up 5.3 percent.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $499.7 billion at the end of June, down 0.2 percent (+/-0.4%)* from the revised May level, but were up 2.9 percent (+/-4.6%)* from the June 2012 level. The May preliminary estimate was revised downward $0.4 billion or 0.1 percent. June inventories of durable goods were virtually unchanged (+/-0.4%)* from last month, but were up 4.3 percent (+/-5.3%)* from a year ago. Inventories of motor vehicle and motor vehicle parts and supplies were down 1.5 percent from last month, while inventories of computer and computer peripheral equipment and software were up 2.1 percent. Inventories of nondurable goods were down 0.3 percent (+/-0.4%)* from May, but were up 0.7 percent (+/-5.6%)* from last June.
The June inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.17. The June 2012 ratio was 1.20.
Posted: August 9, 2013 Friday 10:01 AM