October 2008 sales of merchant wholesalers were $377.4 billion, down 4.1% from the revised September level, but up 2.7% from the October 2007 level, according to the U.S. Census Bureau. The September preliminary estimate was revised downward $2.4 billion or 0.6%.
October sales of durable goods were down 4.2% from last month and were down 1.6% from a year ago. Sales of metals and minerals, except petroleum were down 5.2% from last month and sales of motor vehicle and motor vehicle parts and supplies were down 4.5%. Sales of nondurable goods were down 4.1% from last month, but were up 6.5% from last year. Sales of petroleum and petroleum products were down 11.2% from last month and sales of farm product raw materials were down 6.1%.
Total inventories of merchant wholesalers were $438.2 billion at the end of October, down 1.1% from the revised September level, but were up 8.0% from a year ago. The September preliminary estimate was revised downward $1.3 billion or 0.3%. End-of-month inventories of durable goods were down 0.2% from last month, but were up 10.0% from last October. End-of-month inventories of nondurable goods decreased 2.6% from September, but were up 4.8% compared to last October.
Inventories of petroleum and petroleum products were down 18.2% from last month and inventories of farm product raw materials were down 8.5%.
The October inventories/sales ratio for merchant wholesalers, except manufacturers’sales branches and offices, based on seasonally adjusted data, was 1.16. The October 2007 ratio was 1.10.
October Wholesale Revenues Fall 4.1% From September
October 2008 sales of merchant wholesalers were $377.4 billion, down 4.1% from the revised September level, but up 2.7% from the October 2007 level, according to the U.S. Census Bureau. The September preliminary estimate was revised downward $2.4 billion or 0.6%.
October sales of durable goods were down 4.2% from last month and were down 1.6% from a year ago. Sales of metals and minerals, except petroleum were down 5.2% from last month and sales of motor vehicle and motor vehicle parts and supplies were down 4.5%. Sales of nondurable goods were down 4.1% from last month, but were up 6.5% from last year. Sales of petroleum and petroleum products were down 11.2% from last month and sales of farm product raw materials were down 6.1%.
Total inventories of merchant wholesalers ...
October sales of durable goods were down 4.2% from last month and were down 1.6% from a year ago. Sales of metals and minerals, except petroleum were down 5.2% from last month and sales of motor vehicle and motor vehicle parts and supplies were down 4.5%. Sales of nondurable goods were down 4.1% from last month, but were up 6.5% from last year. Sales of petroleum and petroleum products were down 11.2% from last month and sales of farm product raw materials were down 6.1%.
Total inventories of merchant wholesalers ...
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