December 2008 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 $336.1 billion, down 3.6% from November and down 10.7% from the December 2007 level, according to the U.S. Census Bureau.
The November preliminary estimate was revised downward $0.7 billion or 0.2%. December sales of durable goods were down 2.0% from last month and were down 9.4% from a year ago.
Compared to last month, sales of lumber and other construction materials were down 8.6% and sales of motor vehicle and motor vehicle parts and supplies were down 8.1%. Sales of nondurable goods were down 4.9% from last month and were down 11.8% from last year. Sales of petroleum and petroleum products were down 16.4% from last month and sales of farm product raw materials were down 9.4%.
Inventories
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $427.5 billion at the end of December, down 1.4% from the revised November level, but were up 3.4% from a year ago. The November preliminary estimate was revised downward $1.3 billion or 0.3%.
End-of-month inventories of durable goods were down 1.4% from last month, but were up 6.8% from last December. Inventories of computer and computer peripheral equipment and software were down 6.7% from last month and inventories of metals and minerals, except petroleum, were down 6.6%.
End-of-month inventories of nondurable goods decreased 1.5% from November and were down 2.0% compared to last December. Inventories of petroleum and petroleum products were down 8.8% from last month and inventories of chemicals and allied products were down 1.9%.
Inventories/Sales Ratio
The December inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.27. The December 2007 ratio was 1.10.
More details here.
December Wholesale Revenues Decline 3.6%
December 2008 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 $336.1 billion, down 3.6% from November and down 10.7% from the December 2007 level, according to the U.S. Census Bureau.
The November preliminary estimate was revised downward $0.7 billion or 0.2%. December sales of durable goods were down 2.0% from last month and were down 9.4% from a year ago.
Compared to last month, sales of lumber and other construction materials were down 8.6% and sales of motor vehicle and motor vehicle parts and supplies were down 8.1%. Sales of nondurable goods were down 4.9% from last month and were down 11.8% from last year. Sales of ...
The November preliminary estimate was revised downward $0.7 billion or 0.2%. December sales of durable goods were down 2.0% from last month and were down 9.4% from a year ago.
Compared to last month, sales of lumber and other construction materials were down 8.6% and sales of motor vehicle and motor vehicle parts and supplies were down 8.1%. Sales of nondurable goods were down 4.9% from last month and were down 11.8% from last year. Sales of ...
Share this article
- Filed In: Subscriber Only, Research & Analytics, News, Free, Economic Trends
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.