The 2020 Mid-Year Economic Update_long

U.S. Wholesale Revenues Up 1% from October


Sales


November 2006 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 $331.3 billion, up 1.0% (+/-0.5%) from the revised October level and were up 7.9% (+/-1.2%) from the November 2005 level. The October preliminary estimate was revised upward $0.4 billion or 0.1%. November sales of durable goods increased 1.2% (+/-0.8%) from last month and were up 7.7% (+/-1.8%) from a year ago.&nbsp ;


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Compared to last month, sales of motor vehicle and motor vehicle parts and supplies were up 5.0% and sales of electrical and electronic goods increased 2.9 %. November sales of nondurable goods were up 0.7% (+/-0.7%) ...

Sales


November 2006 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 $331.3 billion, up 1.0% (+/-0.5%) from the revised October level and were up 7.9% (+/-1.2%) from the November 2005 level. The October preliminary estimate was revised upward $0.4 billion or 0.1%. November sales of durable goods increased 1.2% (+/-0.8%) from last month and were up 7.7% (+/-1.8%) from a year ago.&nbsp ;


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Compared to last month, sales of motor vehicle and motor vehicle parts and supplies were up 5.0% and sales of electrical and electronic goods increased 2.9 %. November sales of nondurable goods were up 0.7% (+/-0.7%)* from last month and were up 8.1% (+/-2.1%) from last year. Compared to last month, sales of petroleum and petroleum products increased 5.7% and sales of beer, wine, and distilled alcoholic beverages increased 2.4%.


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Inventories


Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $396.7 billion at the end of November, up 1.3% (+/-0.3%) from last month and were up 10.6% (+/-1.7%) from a year ago. The October preliminary estimate was revised downward $1.3 billion or 0.3%. End-of-month inventories of durable goods increased 0.5% (+/-0.5%)* from October and were up 10.1% (+/-2.3%) from last November.


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End-of-month inventories of nondurable goods increased 2.8% (+/-0.5%) from October and were up 11.4% (+/-3.5%) compared to last November. Inventories of farm product raw materials increased 13.0% from last month and inventories of drugs and druggists’ sundries were up 3.3%.


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Inventories/Sales Ratio


The November inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.20.&nbsp ; The November 2005 ratio was 1.17.


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*The Census Bureau does not have sufficient evidence to show that the change is different from 0.

More details, by sector, here.


Economic indicators at MDM’s Databank.


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