Wholesale revenues in March were $475 billion, down 5.2% over March 2019 and down 5.2% over February 2020. March sales of durable goods were down 5.5% over the previous month and down 5.9% from a year ago. Sales of nondurable goods were down 4.9% over February and down 4.6% from last March.
Inventories were $650.7 billion at the end of March, down 0.8% from the revised February level and down 2% from last year. March inventories of durable goods were up 0.5% from February and down 1.7% from a year ago. Inventories of nondurable goods were down 2.7% over February and down 2.4% from last March.
Inventories/Sales Ratio. The March inventories/sales ratio for merchant wholesalers was 1.37. The March 2019 ratio was 1.33.