The 2020 Mid-Year Economic Update_long

Wholesale Revenues Up 1.8% from February

Sales
March 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 $346.3 billion, up 1.8 percent (+/-0.5%) from the revised February level and were up 8.4 percent (+/-1.3%) from the March 2006 level. The February preliminary estimate was revised downward $0.6 billion or 0.2 percent.&nbsp ;
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March sales of durable goods were up 2.1 percent (+/-1.0%) from last month and were up 6.6 percent (+/-2.0%) from a year ago.&nbsp ; Compared to last month, sales of computer and computer peripheral equipment and supplies were up 6.1 percent and sales of lumber and other construction materials increased 5.9 percent.&nbsp ;
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March ...

Sales
March 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 $346.3 billion, up 1.8 percent (+/-0.5%) from the revised February level and were up 8.4 percent (+/-1.3%) from the March 2006 level. The February preliminary estimate was revised downward $0.6 billion or 0.2 percent.&nbsp ;
&nbsp ;
March sales of durable goods were up 2.1 percent (+/-1.0%) from last month and were up 6.6 percent (+/-2.0%) from a year ago.&nbsp ; Compared to last month, sales of computer and computer peripheral equipment and supplies were up 6.1 percent and sales of lumber and other construction materials increased 5.9 percent.&nbsp ;
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March sales of nondurable goods were up 1.5 percent (+/-0.7%) from last month and were up 10.1 percent (+/-2.0%) from last year.&nbsp ; Compared to last month, sales of beer, wine, and distilled alcoholic beverages increased 3.0 percent.
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Inventories
Total inventories of merchant wholesalers, except manufacturers’sales branches and offices, after adjustment for seasonal variations but not for price changes, were $393.2 billion at the end of March, up 0.3 percent (+/-0.3%)* from last month and were up 8.1 percent (+/-1.7%) from a year ago.&nbsp ; The February preliminary estimate was revised downward $0.4 billion or 0.1 percent.
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End-of-month inventories of durable goods were virtually unchanged (+/- 0.3%)* from last month, but were up 7.6 percent (+/-2.3%) from last March.
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Inventories of furniture and home furnishings increased 2.1 percent from last month, while inventories of machinery, equipment, and supplies decreased 1.3 percent. End-of-month inventories of nondurable goods increased 0.8 percent (+/-0.7%) from February and were up 9.0 percent (+/-3.5%) compared to last March.
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Inventories of petroleum and petroleum products were up 3.1 percent from last month and inventories of grocery and related products were up 1.8 percent.
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Inventories/Sales Ratio
The March inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.14.&nbsp ; The March 2006 ratio was 1.14.

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