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December 2009 wholesale revenues were $341.2 billion, up 0.8 percent from the revised November level, and up 5.7 percent from the December 2008 level. The November preliminary estimate was revised upward $0.9 billion or 0.3 percent. December sales of durable goods were up 3.0 percent from last month, and were up 2.3 percent from a year ago. Sales of machinery, equipment, and supplies were up 7.5 percent and sales of metals and minerals, except petroleum, were up 5.7 percent. Sales of nondurable goods were down 0.8 percent from last month, but were up 8.8 percent from last year. Sales of farm product raw materials were down 14.1 percent and sales of drugs and druggists’ sundries were down 3.3 percent from last month.
Inventories. Total inventories were $383.6 billion at the end of December, down 0.8 percent from the revised November level, and were down 10.2 percent from a year ago. End-of-month inventories of durable goods were down 1.1 percent from last month and were down 15.9 percent from last December. Inventories of metals and minerals, except petroleum, were down 3.1 percent from last month and inventories of motor vehicle and motor vehicle parts and supplies were down 2.5 percent. End-of-month inventories of nondurable goods decreased 0.3 percent from November, and were down 0.2 percent compared to last December. Inventories of farm product raw materials were down 4.5 percent from last month and inventories of petroleum and petroleum products were up 3.6 percent.
Inventory-Sales Ratio. The December inventories/sales ratio was 1.12. The December 2008 ratio was 1.32.
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