The 2020 Mid-Year Economic Update_long

May Wholesale Revenues Grow 1.6%

May 2008 sales of merchant wholesalers, except manufacturers'sales branches and offices, were $397.4 billion, up 1.6% from April and up 13.7% from May 2007, according to the U.S. Census Bureau. The April preliminary estimate was revised upward 0.2%. May sales of durable goods were down 0.2% from last month, but were up 7.6% from a year ago.
 
Compared to last month, furniture and home furnishings were down 4.0%, while sales of metals and minerals, except petroleum were up 2.9%. Sales of nondurable goods were up 3.2% (+/-0.8%) from last month and were up 19.2% from last year. Sales of petroleum and petroleum products were up 7.5% from last month and sales of apparel, piece goods, and notions were up 5.2%.
 
Inventories
Total inventories of merchant ...

May 2008 sales of merchant wholesalers, except manufacturers’sales branches and offices, were $397.4 billion, up 1.6% from April and up 13.7% from May 2007, according to the U.S. Census Bureau. The April preliminary estimate was revised upward 0.2%. May sales of durable goods were down 0.2% from last month, but were up 7.6% from a year ago.
 
Compared to last month, furniture and home furnishings were down 4.0%, while sales of metals and minerals, except petroleum were up 2.9%. Sales of nondurable goods were up 3.2% (+/-0.8%) from last month and were up 19.2% from last year. Sales of petroleum and petroleum products were up 7.5% from last month and sales of apparel, piece goods, and notions were up 5.2%.
 
Inventories
Total inventories of merchant wholesalers, except manufacturers’sales branches and offices, after adjustment for seasonal variations but not for price changes, were $431.0 billion at the end of May, up 0.8% from the revised April level and were up 8.7% from a year ago. The April preliminary estimate was revised upward $0.2 billion.
 
End-of-month inventories of durable goods were up 0.8% from last month and were up 5.6% from last May. Inventories of computer and computer peripheral equipment and supplies, were up 3.5% from last month and inventories of metals and minerals, except petroleum were up 2.7%. End-of-month inventories of nondurable goods increased 0.7% from April and were up 14.2% compared to last May. Inventories of beer, wine, and distilled alcoholic beverages, were up 3.0% from last month and inventories of drugs and druggists’ sundries were up 1.2%.
 
Inventories/Sales Ratio
The May inventories/sales ratio for merchant wholesalers, except manufacturers’sales branches and offices, based on seasonally adjusted data, was 1.08. The May 2007 ratio was 1.13.
 
More details here.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.