The 2020 Mid-Year Economic Update_long

October Wholesale Revenues Up 4.3% YOY

Sales of durable goods up 6 percent from last October.

Wholesale revenues in October were $454.6 billion, up 0.2 percent from the revised September level and up 4.3 percent from October 2013, according to the U.S. Census Bureau.

October sales of durable goods were up 0.8 percent from last month and up 6 percent from a year ago. Sales of electrical and electronic goods were up 1.9 percent from last month.

Sales of nondurable goods were down 0.3 percent from September, but were up 2.8 percent from last October. Sales of petroleum and petroleum products were down 5.8 percent from last month, while sales of farm product raw materials were up 8 percent.

Total inventories were $542 billion at the end of October, up 0.4 percent from the revised September level and up 6.8 percent from October 2013. October inventories of durable goods were virtually unchanged from last month, but were up 8.5 percent from a year ago. Inventories of computer and computer peripheral equipment and software were down 3.6 percent from last month, while inventories of hardware and plumbing and heating equipment and supplies were up 1.6 percent.

Inventories of nondurable goods were up 1.2 percent from September and up 4.2 percent from last October. Inventories of drugs and druggists' sundries were up 3.2 percent from last month and inventories of paper and paper products were up 1.6 percent.

The October inventories/sales ratio for merchant wholesalers was 1.19. The October 2013 ratio was 1.16.

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