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In The News:

June Wholesale Trade Revenues Down 0.7% from May

June 2010 wholesale revenues were $347.4 billion, down 0.7 percent from May, but up 12.9 percent from June 2009, according to the U.S. Census Bureau.

June sales of durable goods were down 0.2 percent from last month, but were up 16.1 percent from a year ago.

Sales of lumber and other construction materials were down 3.2 percent from last month, while sales of motor vehicle and motor vehicle parts and supplies were up 2.9 percent. Sales of nondurable goods were down 1.1 percent from last month, but were up 10.3 percent from last year. Sales of petroleum and petroleum products were down 5.5 percent from last month.

Inventories grew in June, up 0.1 percent to $399.2 billion from May, but down 0.3 percent from a year ago.

End-of-month inventories of durable goods were up 0.3 percent from last month, but were down 2.6 percent from last June. Inventories of electrical and electronic goods were up 2.4 percent from last month. End-of-month inventories of nondurable goods were down 0.2 percent from May, but were up 3.5 percent compared to last June. Inventories of farm product raw materials were down 4.7 percent from last month, while inventories of chemicals and allied products were up 3.5 percent.

The June inventories/sales ratio was 1.15. The June 2009 ratio was 1.30.

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