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Wholesale revenues in July were $402.4 billion, according to the U.S. Census Bureau. Sales were down 0.1 percent from the revised June level but up 2.7 percent from July 2011.
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July sales of durable goods were down 0.8 percent from last month, but were up 2.6 percent from a year ago. Sales of metals and minerals, except petroleum were down 2.5 percent from last month, and sales of professional and commercial equipment and supplies were down 2.3 percent.
Sales of nondurable goods were up 0.5 percent from June and were up 2.8 percent from last July. Sales of farm product raw materials were up 5.6 percent from last month and sales of drugs and druggists' sundries were up 1.2 percent.
Total inventories were $485.2 billion at the end of July, up 0.7 percent from the revised June level and were up 5.3 percent from the July 2011 level. July inventories of durable goods were up 0.7 percent from last month and were up 8.8 percent from a year ago. Inventories of computer and computer peripheral equipment and software were up 3.8 percent from last month and inventories of machinery, equipment, and supplies were up 1.6 percent.
Inventories of nondurable goods were up 0.7 percent from June and were up 0.5 percent from last July. Inventories of beer, wine, and distilled alcoholic beverages were up 3.0 percent from last month and inventories of farm product raw materials were up 2.6 percent.
The July inventories/sales ratio was 1.21. The July 2011 ratio was 1.18.
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