Wholesale revenues in July were $449.5 billion, down 0.3 percent from the revised June level, and down 4.2 percent from July 2014, according to the U.S. Census Bureau.
July sales of durable goods were up 1.2 percent from last month and up 0.2 percent from a year ago. Sales of machinery, equipment and supplies were up 5.2 percent. Sales of nondurable goods were down 1.7 percent from June and down 8 percent from last July. Sales of petroleum and petroleum products were down 8.2 percent from last month and sales of farm product raw materials were down 2.2 percent.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $584.3 billion at the end of July, down 0.1 percent from the revised June level but were up 4.9 percent from the July 2014 level.
Inventories of durable goods were up 0.1 percent from last month and up 5 percent from a year ago. Inventories of motor vehicle and motor vehicle parts and supplies were up 1 percent from last month, while inventories of metals and minerals, except petroleum, were down 1.4 percent. Inventories of nondurable goods were down 0.5 percent from June but up 4.8 percent from last July. Inventories of petroleum and petroleum products were down 4.8 percent.
The July inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.30. The July 2014 ratio was 1.19.
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