Wholesaler Sales Tick Up in April, Increase 1.4% YoY - Modern Distribution Management

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Wholesaler Sales Tick Up in April, Increase 1.4% YoY

Sales rebounded from a modest March decline and held steady on an annual basis. Meanwhile, inventories also ticked up.
A look across part of the warehouse at First Supply's headquarters in Madison, WI.

The U.S. Census Bureau released its monthly wholesale trade report on June 8 for May, showing that industry sales narrowly ticked up month-to-month, with a healthier increase year-over-year. 

The figures showed that April 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 $663.8 billion. That was up 0.1% from the revised March level and up 1.4% from the revised April 2023 level.  

Here’s how April U .S. merchant wholesaler sales fared in durable goods categories: 

Category & April ‘24 Total  vs. March  vs. April‘23 
Automotive, $52.90B  +1.1%  +9.0% 
Furniture, $8.71B  +2.0%  -0.9% 
Lumber, $17.65B  -1.5%  -1.9% 
Professional Equipment, $50.30B  +2.3%  +4.8% 
Computer Equipment, $23.92B  +2.6%  +2.4% 
Metals, $18.17B  +0.7%  -10.6% 
Electrical, $68.72B  +0.1%  +4.1% 
Hardware, $19.78B  +0.8%  +3.8% 
Machinery, $51.34B  -0.8%  0.0% 
Miscellaneous, $26.22B  -2.8%  -4.3% 


The report showed that total inventories for merchant wholesalers ended April at $895.8 billion, up 0.1% from March’s revised mark, and down 1.7% year-over-year. 

Inventories/Sales Ratio 

The April inventories/sales ratio for merchant wholesalers was 1.35, up from March’s 1.34 and down from April 2023’s 1.39. 

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