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November 2010 Wholesale Revenues Up 1.9%

November 2010 wholesale revenues, excluding manufacturers' sales branches and offices, were $370.1 billion, up 1.9 percent from October and 12.2 percent from November 2009, according to the U.S. Census Bureau.

November sales of durable goods were up 1.7 percent from October, and up 12.6 percent from a year ago. Sales of hardware, and plumbing and heating equipment supplies were up 5.5 percent from October, and sales of electrical and electronic goods were up 3.2 percent.

Sales of nondurable goods were up 2.1 percent from October and up 11.8 percent from last year. Sales of petroleum and petroleum products were up 7.1 percent from last month.

Total inventories were $425.5 billion at the end of November, down 0.2 percent from October but up 8.4 percent from a year ago. End-of-month inventories of durable goods were up 0.3 percent from last month and up 5.5 percent from last November. Inventories of motor vehicle parts and supplies were up 1.9 percent.

End-of-month inventories of nondurable goods were down 0.9 percent from October but up 12.7 percent from last November.

The November inventories/sales ratio for wholesalers was 1.15. The November 2009 ratio was 1.19.

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