According to data released Aug. 8 by the U.S. Census Bureau, June 2023 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 $643.3 billion, down 0.7% from the revised May level, and were down 6.7% from the revised June 2022 level.

The April 2023 to May 2023 percent change was revised from the preliminary estimate of down 0.2% to down 0.5%.

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Total inventories of merchant wholesalers — except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes — were $905.2 billion at the end of June, down 0.5% from the revised May level. Total inventories were up 1.3% from the revised June 2022 level.

The May 2023 to June 2023 percent change was revised from the advance estimate of down 0.3% to down 0.5%.

The June inventories/sales ratio for merchant wholesalers — except manufacturers’ sales branches and offices, based on seasonally adjusted data — was 1.41. The May 2022 ratio was 1.30.