The 2020 Mid-Year Economic Update_long

May Wholesale Revenues Up 8.7% Year-Over-Year

May 2007 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 $357.2 billion, up 1.3 percent from the revised April level and were up 8.7 percent from the May 2006 level.
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The April preliminary estimate was revised upward $0.8 billion or 0.2 percent. May sales of durable goods were down 0.5 percent from last month, but were up 4.2 percent from a year ago.

Compared to last month, sales of motor vehicle and motor vehicle parts and supplies were down 5.3 percent. May sales of nondurable goods were up 2.9 percent from last month and were up 13.1 percent from last year. Compared to last month, sales of farm product raw materials were up 9.5 ...

May 2007 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 $357.2 billion, up 1.3 percent from the revised April level and were up 8.7 percent from the May 2006 level.
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The April preliminary estimate was revised upward $0.8 billion or 0.2 percent. May sales of durable goods were down 0.5 percent from last month, but were up 4.2 percent from a year ago.

Compared to last month, sales of motor vehicle and motor vehicle parts and supplies were down 5.3 percent. May sales of nondurable goods were up 2.9 percent from last month and were up 13.1 percent from last year. Compared to last month, sales of farm product raw materials were up 9.5 percent and sales of petroleum and petroleum products increased 5.3 percent.

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 May, up 0.5 percent from last month and were up 6.7 percent from a year ago. The April preliminary estimate was revised upward $0.3 billion.
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End-of-month inventories of durable goods increased 0.6 percent from last month and were up 5.0 percent from last May. Inventories of metals and minerals, except petroleum, increased 2.5 percent from last month and inventories of electrical and electronic goods increased 1.9 percent.
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End-of-month inventories of nondurable goods increased 0.2 percent from April and were up 9.7 percent compared to last May. Inventories of grocery and related products were up 1.6 percent, while inventories of petroleum and petroleum products decreased 3.4 percent from last month.
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Inventories/Sales Ratio
The May inventories/sales ratio for merchant wholesalers, except manufacturers’sales branches and offices, based on seasonally adjusted data, was 1.11. The May 2006 ratio was 1.13.

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