The 2020 Mid-Year Economic Update_long

February Wholesale Trade Up 3.1% Year-Over-Year

Total inventories up 4.7% year-over-year.

Wholesale trade in February was $436.1 billion, up 0.7 percent from January and up 3.1 percent from February 2013, according to the U.S. Census Bureau. The January preliminary estimate was revised downward $0.1 billion.

February sales of durable goods were up 0.1 percent from last month and were up 2.9 percent from a year ago. Sales of nondurable goods were up 1.2 percent from January and up 3.3 percent from last February. Sales of petroleum and petroleum products were up 4 percent from last month and sales of beer, wine and distilled alcoholic beverages were up 1.9 percent.

Total inventories of merchant wholesalers were $518.3 billion at the end of February, up 0.5 percent from the revised January level and up 4.7 percent from February 2013. The January preliminary estimate was revised upward $0.3 billion or 0.1 percent.

February inventories of durable goods were up 0.7 percent from last month and were up 5.9 percent from a year ago. Inventories of professional and commercial equipment and supplies were up 1.4 percent from last month and inventories of machinery, equipment, and supplies were up 1.4 percent.

Inventories of nondurable goods were up 0.1 percent from January and were up 2.9 percent from last February. Inventories of farm product raw materials were up 2.7 percent from last month, while inventories of petroleum and petroleum products were down 2.6 percent.

The February inventories/sales ratio for merchant wholesalers was 1.19. The February 2013 ratio was 1.17.

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