August Wholesale Revenues Up 1% from July

Wholesale revenues were up 15.2% from August 2010.

August 2011 wholesale sales, except manufacturers' sales branches and offices, after seasonal adjustment, were $401.3 billion, up 1 percent from July and up 15.2 percent from August 2010, according to the U.S. Census Bureau.

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August sales of durable goods were up 2.3 percent from last month and were up 14.3 percent from a year ago. Sales of lumber and other construction materials were up 3.9 percent from last month and sales of motor vehicles and motor vehicle parts and supplies were up 2.6 percent. Sales of nondurable goods were down 0.1 percent from July, but were up 15.9 percent from last August. Sales of farm product raw materials were down 3.5 percent from last month.

Total inventories were $464.3 billion at the end of August, up 0.4 percent from July and were up 14.4 percent from August 2010. August inventories of durable goods were up 1.1 percent from last month and were up 12.5 percent from a year ago. Inventories of motor vehicles and motor vehicle parts and supplies were up 4.5 percent from last month and electrical and electronic goods were up 1.3 percent.

Inventories of nondurable goods were down 0.6 percent from July, but were up 17.1 percent from last August. Inventories of paper and paper products were down 4 percent from last month and inventories of petroleum and petroleum products were down 2.8 percent.

The August inventories/sales ratio for wholesalers was 1.16. The August 2010 ratio was 1.17.

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