The 2020 Mid-Year Economic Update_long

November Wholesale Revenues Up 3.3%

Year over year, wholesale revenues were up 0.6%, the first increase in more than a year.

Wholesale distributor revenues were $337.4 billion, up 3.3% from October, and up 0.6% from November 2008, the U.S. Census Bureau announced.

October sales of durable goods were up 1.9% from last month, but were down 4.2% from a year ago. Sales of electrical and electronic goods were up 5.9% from last month and sales of lumber and other construction materials were up 1.9%. Sales of nondurable goods were up 4.4% from last month, and up 4.7% from last year. Sales of petroleum and petroleum products were up 7.5% from last month and sales of farm product raw materials were up 29.6%.

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Total inventories were $386.3 billion at the end of November, up 1.5% from October, but were down 11% from a year ago. End-of-month inventories of durable goods were down 0.3% from last month and were down 16.1% from last November. Inventories of machinery, equipment, and supplies were down 1.4% from last month, while inventories of computer and computer peripheral equipment and software were up 2.2%.

\"\"End-of-month inventories of nondurable goods were up 4.2% from October, but down 2.2% compared to last November. Inventories of farm product raw materials were up 29.8% from last month and inventories of petroleum and petroleum products were up 7.0%.

The November inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.14. The November 2008 ratio was 1.29.

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