The 2020 Mid-Year Economic Update_long

October Wholesale Trade Revenues Down 1.2% from September

Sales of durable and nondurable goods declined from September but increased year-over-year.

Wholesale trade revenues for October were $408.5 billion, down 1.2 percent from September and up 2.3 percent from October 2011, according to The U.S. Census Bureau.

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October sales of durable goods were down 0.9 percent from the prior month, but were up 1.5 percent from the prior year. Sales of motor vehicle and motor vehicle parts and supplies were down 3.1 percent from the prior month.

Sales of nondurable goods were down 1.4 percent from September, but were up 3 percent from last October. Sales of petroleum and petroleum products were down 5.7 percent month-to-month.

Total inventories were $497.1 billion, up 0.6 percent from September and up 6.6 percent year-over-year.

October inventories of durable goods were up 1 percent from the prior month and up 8.4 percent from a year earlier. Inventories of computer and computer peripheral equipment and software were up 3 percent from last month and inventories of lumber and other construction materials were up 1.8 percent.

Inventories of nondurable goods were down 0.1 percent from September, but were up 4 percent from last October. Inventories of petroleum and petroleum products were down 3.1 percent from September.

The October inventories/sales ratio for merchant wholesalers was 1.22. The October 2011 ratio was 1.17.

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