The 2020 Mid-Year Economic Update_long

April Wholesale Revenues Up 0.5% Over March

Sales of durable goods in April increased 1.6 percent.

Wholesale trade revenues in April were $416.6 billion, up 0.5 percent from the revised March level and were up 0.7 percent from April 2012. The March preliminary estimate was revised downward $0.7 billion or 0.2 percent.

April sales of durable goods were up 1.6 percent from last month and were up 4.2 percent from a year ago. Sales of furniture and home furnishings were up 5.1 percent from last month and sales of machinery, equipment and supplies were up 5 percent.

Sales of nondurable goods were down 0.5 percent from March and were down 2.2 percent from last April. Sales of apparel, piece goods and notions were down 6 percent from last month and sales of petroleum and petroleum products were down 2.7 percent.

Total inventories were $504.8 billion at the end of April, up 0.2 percent from the revised March level and were up 4.1 percent from April 2012. The March preliminary estimate was revised downward $0.4 billion or 0.1 percent.

April inventories of durable goods were up 0.2 percent from last month and were up 5.9 percent from a year ago. Inventories of motor vehicle and motor vehicle parts and supplies were up 1.9 percent from last month, while inventories of metals and minerals, except petroleum, were down 1.1 percent.

Inventories of nondurable goods were up 0.1 percent from March and were up 1.4 percent from last April. Inventories of beer, wine and distilled alcoholic beverages were up 2.3 percent from last month.

The April inventories/sales ratio was 1.21. The April 2012 ratio was 1.17.

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