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Wholesale Inventories up 0.6% in June
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The U.S. Census Bureau announced today that June 2011 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 $395.8 billion, up 0.6 percent (+/-0.7%) from the revised May level and were up 15.4 percent (+/-1.1%) from the June 2010 level. The May preliminary estimate was revised downward $0.2 billion. June sales of durable goods were up 1.6 percent (+/-0.7%) from last month and were up 10.2 percent (+/-1.2%) from a year ago. Sales of motor vehicle and motor vehicle parts and supplies were up 8.7 percent from last month. Sales of nondurable goods were down 0.2 percent (+/-0.9%) from last month, but were up 19.9 percent (+/-1.6%) from last year. Sales of paper and paper products were down 1.0 percent from last month, while sales of beer, wine, and distilled alcoholic beverages were up 4.0 percent.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $458.7 billion at the end of June, up 0.6 percent (+/-0.5%) from the revised May level and were up 15.8 percent (+/-1.2%) from a year ago. The May preliminary estimate was revised downward $0.2 billion. End-of-month inventories of durable goods were up 1.3 percent (+/-0.5%) from last month and were up 12.1 percent (+/-1.6%) from last June. Inventories of motor vehicle and motor vehicle parts and supplies, were up 4.3 percent from last month and inventories of computer and computer peripheral equipment and software were up 3.5 percent. End-of-month inventories of nondurable goods were down 0.4 percent (+/-0.7%) from May, but were up 21.4 percent (+/-2.3%) compared to last June. Inventories of farm product raw materials were down 6.2 percent from last month, while inventories of apparel, piece goods, and notions were up 2.4 percent.
The June inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.16. The June 2010 ratio was 1.16.
Posted: August 10, 2011 Wednesday 10:00 AM