The 2020 Mid-Year Economic Update_long

June Wholesale Revenues Down 3.8% YOY

Sales of durable goods down 1.5 percent from last June.

Wholesale revenues in June were $449.9 billion, up 0.1 percent from the revised May level, but were down 3.8 percent from June 2014, according to the U.S. Census Bureau.

June sales of durable goods were down 1.1 percent from last month and down 1.5 percent from a year ago. Sales of motor vehicle and motor vehicle parts and supplies were down 2.8 percent from last month and sales of machinery, equipment, and supplies were down 2.2 percent. Sales of nondurable goods were up 1.2 percent from May, but were down 5.7 percent from last June. Sales of petroleum and petroleum products were up 3.7 percent from last month and sales of farm product raw materials were up 3.6 percent.

Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $586.2 billion at the end of June, up 0.9 percent from the revised May level and were up 5.4 percent from the June 2014 level. Inventories of durable goods were up 0.1 percent from last month and were up 5.4 percent from a year ago. Inventories of motor vehicle and motor vehicle parts and supplies were up 2 percent from last month, while inventories of computer and computer peripheral equipment and software were down 2.1 percent. Inventories of nondurable goods were up 2.3 percent from May and up 5.5 percent from last June. Inventories of farm product raw materials were up 15.5 percent from last month and inventories of petroleum and petroleum products were up 3.6 percent.

The June inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.30. The June 2014 ratio was 1.19.

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