Research >> Economics
Wholesale Inventories up 0.1% in July
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The U.S. Census Bureau announced today that July 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 $426.1 billion, up 0.1 percent (+/-0.4%)* from the revised June level and were up 5.7 percent (+/-3.0%) from the July 2012 level. The June preliminary estimate was revised downward $0.1 billion. July sales of durable goods were down 0.6 percent (+/-0.7%)* from last month, but were up 4.8 percent (+/-3.5%) from a year ago. Sales of motor vehicle and motor vehicle parts and supplies were down 3.1 percent from last month. Sales of nondurable goods were up 0.7 percent (+/-0.7%)* from June and were up 6.4 percent (+/-4.0%) from last July. Sales of beer, wine, and distilled alcoholic beverages were up 2.1 percent from last month and sales of petroleum and petroleum products were up 1.9 percent.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $500.0 billion at the end of July, up 0.1 percent (+/-0.4%)* from the revised June level and were up 2.2 percent (+/-4.7%)* from the July 2012 level. The June preliminary estimate was revised downward $0.2 billion. July inventories of durable goods were up 0.6 percent (+/-0.4%) from last month and were up 4.5 percent (+/-5.6%)* from a year ago. Inventories of machinery, equipment, and supplies were up 1.2 percent from last month and inventories of metals and minerals, except petroleum were up 0.8 percent. Inventories of nondurable goods were down 0.8 percent (+/-0.7%) from June and were down 1.3 percent (+/-5.6%)* from last July. Inventories of farm product raw materials were down 10.1 percent from last month.
The July inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.17. The July 2012 ratio was 1.21.
Posted: September 11, 2013 Wednesday 10:00 AM