The U.S. Census Bureau announced that June 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 $359.5, up 0.6 percent (+/-0.5%) from the revised May level and were up 8.1 percent (+/-1.3%) from the June 2006 level.
The May preliminary estimate was revised upward $0.2 billion or 0.1 percent. June sales of durable goods were up 0.7 percent (+/-1.0%) from last month and were up 4.9 percent (+/-2.0%) from a year ago. June sales of nondurable goods were up 0.5 percent (+/-0.7%) from last month and were up 11.1 percent (+/-2.1%) from last year.
Inventories. Total inventories of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations but not for price changes, were $398.5 billion at the end of June, up 0.5 percent (+/-0.3%) from the revised May level and were up 6.3 percent (+/-1.8%) from a year ago.
The May preliminary estimate was revised downward $0.1 billion. End-of-month inventories of durable goods were virtually unchanged (+/-0.5%) from last month and were up 4.2 percent (+/-2.3%) from last June.
End-of-month inventories of nondurable goods increased 1.2 percent (+/-0.5%) from May and were up 10.1 percent (+/-3.6%) compared to last June. Inventories of farm product raw materials were up 5.6 percent and inventories of apparel, piece goods, and notions increased 3.1 percent from last month.
Inventories/Sales Ratio. The June inventories/sales ratio for merchant wholesalers, except manufacturers' sales branches and offices, based on seasonally adjusted data, was 1.11. The June 2006 ratio was 1.13.
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