The 2020 Mid-Year Economic Update_long

April Wholesale Revenues Up 1.3% from March

Durable goods sales grew 1.7 percent.

Wholesale revenues in April were $450.2 billion, up 1.3 percent from March and up 7.8 percent from April 2013, according to the U.S. Census Bureau. The March preliminary estimate was revised upward 0.2 percent

April sales of durable goods were up 1.7 percent from last month and were up 6 percent from a year ago. Sales of motor vehicle and motor vehicle parts and supplies were up 2.9 percent from last month and sales of professional and commercial equipment and supplies were up 2.4 percent.

Sales of nondurable goods were up 1 percent from March and were up 9.4 percent from last April. Sales of drugs and druggists' sundries were up 3 percent from last month and sales of grocery and related products were up 1.2 percent.

Total inventories of merchant wholesalers were $530.6 billion at the end of April, up 1.1 percent from March and up 6.7 percent from April 2013. The March preliminary estimate was revised downward $0.1 billion.

April inventories of durable goods were up 0.9 percent from last month and were up 6.6 percent from a year ago. Inventories of electrical and electronic goods were up 2.8 percent from last month, and inventories of metals and minerals, except petroleum were up 2.5 percent.

Inventories of nondurable goods were up 1.4 percent from March and were up 6.8 percent from last April. Inventories of drugs and druggists' sundries were up 2.6 percent from last month, and inventories of paper and paper products were up 2.3 percent.

The April inventories/sales ratio for merchant wholesalers was 1.18. The April 2013 ratio was 1.19.

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