Monthly wholesale trade: Sales and inventories March 2003
June 10, 2003
Sales. March 2003 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $240.6 billion, up 1.0 percent (+/-0.6%) from the revised February level and were up 7.6 percent (+/-1.0%) from the March 2002 level. The February preliminary estimate was virtually unchanged. March sales of durable goods increased 2.1 percent (+/-0.9%) from last month and were up 2.6 percent (+/-1.9%) from a year ago. Compared to last month, sales of motor vehicle and motor vehicle parts and supplies increased 6.3 percent. Among nondurable goods, sales of chemicals and allied products increased 3.2 percent from last month, while sales of farm product raw materials decreased 5.8 percent.