The 2020 Mid-Year Economic Update_long

December Wholesale Revenues Up 1.4% YOY

Sales of durable goods up 7.3 percent from last December.

Wholesale revenues in December were $449.8 billion, down 0.4 percent from the revised November level and up 1.4 percent from December 2013, according to the U.S. Census Bureau.

December sales of durable goods were up 1.1 percent from last month and up 7.3 percent from a year ago. Sales of lumber and other construction materials were up 5.4 percent from last month.

Sales of nondurable goods were down 1.7 percent from November and down 3.5 percent from last December. Sales of petroleum and petroleum products were down 13.7 percent from last month.

Total inventories were $547.6 billion at the end of December, up 0.1 percent from the revised November level and up 6.7 percent from December 2013. December inventories of durable goods were up 0.2 percent from last month and up 7.8 percent from a year ago. Inventories of computer and computer peripheral equipment and software were up 2.6 percent from last month.

Inventories of nondurable goods were down 0.1 percent from November and up 4.9 percent from last December. Inventories of petroleum and petroleum products were down 6.2 percent from last month, while inventories of chemicals and allied products were up 3.4 percent.

The December inventories/sales ratio for merchant wholesalers was 1.22. The December 2013 ratio was 1.16.

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