The 2020 Mid-Year Economic Update_long

October Wholesale Revenues Fall 4.1% From September

October 2008 sales of merchant wholesalers were $377.4 billion, down 4.1% from the revised September level, but up 2.7% from the October 2007 level, according to the U.S. Census Bureau. The September preliminary estimate was revised downward $2.4 billion or 0.6%.
October sales of durable goods were down 4.2% from last month and were down 1.6% from a year ago. Sales of metals and minerals, except petroleum were down 5.2% from last month and sales of motor vehicle and motor vehicle parts and supplies were down 4.5%. Sales of nondurable goods were down 4.1% from last month, but were up 6.5% from last year. Sales of petroleum and petroleum products were down 11.2% from last month and sales of farm product raw materials were down 6.1%.
Total inventories of merchant wholesalers ...

October 2008 sales of merchant wholesalers were $377.4 billion, down 4.1% from the revised September level, but up 2.7% from the October 2007 level, according to the U.S. Census Bureau. The September preliminary estimate was revised downward $2.4 billion or 0.6%.
October sales of durable goods were down 4.2% from last month and were down 1.6% from a year ago. Sales of metals and minerals, except petroleum were down 5.2% from last month and sales of motor vehicle and motor vehicle parts and supplies were down 4.5%. Sales of nondurable goods were down 4.1% from last month, but were up 6.5% from last year. Sales of petroleum and petroleum products were down 11.2% from last month and sales of farm product raw materials were down 6.1%.
Total inventories of merchant wholesalers were $438.2 billion at the end of October, down 1.1% from the revised September level, but were up 8.0% from a year ago. The September preliminary estimate was revised downward $1.3 billion or 0.3%. End-of-month inventories of durable goods were down 0.2% from last month, but were up 10.0% from last October. End-of-month inventories of nondurable goods decreased 2.6% from September, but were up 4.8% compared to last October.
Inventories of petroleum and petroleum products were down 18.2% from last month and inventories of farm product raw materials were down 8.5%.
The October inventories/sales ratio for merchant wholesalers, except manufacturers’sales branches and offices, based on seasonally adjusted data, was 1.16. The October 2007 ratio was 1.10.

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.

Subscribe to continue reading

MDM Premium Subscribers 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

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

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.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.