The 2020 Mid-Year Economic Update_long

August Wholesale Revenues Up 12.5% Over Last Year

Sales


August 2006 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 $335.6 billion, up 1.1 percent from the revised July level and were up 12.5 percent from the August 2005 level.  The July preliminary estimate was revised upward $0.2 billion or 0.1 percent.  August sales of durable goods increased 1.4 percent from last month and were up 10.6 percent from a year ago. 


 


Compared to last month, sales of electrical and electrical goods were up 4.3 percent and machinery, equipment, and supplies increased 2.8 percent.  August sales of nondurable goods were up 0.9 percent from last month, and were up 14.4 percent from last year.  Sales of grocery and related products grew 3.7 percent from last month and drugs and druggists’ sundries increased 2.6 percent.


 


Inventories


Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $386.6 billion at the end of August, up 1.1 percent from last month and were up 9.7 percent from a year ago.  The July preliminary estimate was revised upward $0.4 billion or 0.1 percent.


 


End-of-month inventories of durable goods increased 0.9 percent from July and were up 10.0 percent from last August. Compared to last month, inventories of metals and minerals, except petroleum, increased 4.1 percent and professional and commercial equipment and supplies increased 1.2 percent.  End-of-month inventories of nondurable goods grew 1.5 percent from July and were up 9.1 percent compared to last August. Inventories of drugs and druggists’ sundries increased 5.7 percent from last month and inventories of grocery and related products were up 2.1 percent.


 


Inventories/Sales Ratio


The August inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.15.  The August 2005 ratio was 1.18.


 


For more details, go to MDM’s Databank .

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