Wholesale Trade Revenues Fall 14.5% in 2009

December wholesale sales were up slightly; inventories fell.
December 2009 sales of merchant wholesalers were $341.2 billion, up 0.8% from November and up 5.7% from December 2008.
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Sales through the end of 2009 were $3.84 trillion, down 14.5% from 2008. Durable goods sales were $1.7 trillion, down 16.6%; nondurable goods sales through wholesalers were $2.13 trillion, down 12.8%.
December sales of durable goods were up 3% from last month and were up 2.3% from a year ago. Compared to last month, sales of machinery, equipment, and supplies were up 7.5% and sales of metals and minerals, except petroleum, were up 5.7%.
Sales of nondurable goods were down 0.8% from last month, but were up 8.8% from last year. Sales of farm product raw materials were down 14.1% and sales of drugs and druggists’ sundries were down 3.3% from last month.
Total inventories were $383.6 billion at the end of December, down 0.8% from November and down 10.2% from a year ago. End-of-month inventories of durable goods were down 1.1% from last month and were down 15.9% from last December.
Inventories of metals and minerals, except petroleum, were down 3.1% from last month and inventories of motor vehicle and motor vehicle parts and supplies were down 2.5%.
End-of-month inventories of nondurable goods decreased 0.3% from November and were down 0.2% compared to last December. Inventories of farm product raw materials were down 4.5% from last month, while inventories of petroleum and petroleum products were up 3.6%.
The December inventories/sales ratio, based on seasonally adjusted data, was 1.12. The December 2008 ratio was 1.32.
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