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In The News:

Wholesale Sales Climb 1.5% in April


The U.S. Census Bureau announced that April 2005 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 $296.0 billion, up 1.5 percent from the revised March level and were up 8.1 percent from the April 2004 level. The March preliminary estimate was revised upward $0.1 billion. April sales of durable goods increased 1.5 percent from last month and were up 7.1 percent from a year ago. Compared to last month, sales of machinery, equipment, and supplies increased 5.6 percent and sales of electrical and electronic goods increased 2.3 percent. April sales of nondurable goods were up 1.5 percent from last month and were up 9.1 percent from last year. Sales of chemicals and allied products increased 4.4 percent from last month and sales of drugs and druggists' sundries increased 4.1 percent.

Inventories
Total inventories of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations but not for price changes, were $350.0 billion at the end of April, up 0.8 percent from last month and were up 11.8 percent from a year ago. The March preliminary estimate was revised upward $0.6 billion or 0.2 percent. End-of-month inventories of durable goods increased 0.4 percent from March and were up 13.6 percent from last April. Inventories of motor vehicle and motor vehicle parts and supplies increased 1.5 percent from last month, while inventories of lumber and other construction materials decreased 2.0 percent. End-of-month inventories of nondurable goods increased 1.4 percent from March and were up 8.9 percent compared to last April. Inventories of apparel, piece goods, and notions increased 1.8 percent from last month and inventories of paper and paper products increased 1.7 percent.

Inventories/Sales Ratio
The April inventories/sales ratio for merchant wholesalers, except manufacturers' sales branches and offices, based on seasonally adjusted data, was 1.18. The April 2004 ratio was 1.14.


 

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