Wholesale revenues in July were $441.9 billion, down 1 percent from July 2015 and down 0.4 percent from June, according to the U.S. Census Bureau.
July sales of durable goods were up 0.2 percent from last month and were up 0.7 percent from a year ago. Sales of nondurable goods were down 1 percent from June and were down 2.6 percent from last July. Sales of petroleum and petroleum products were down 3.5 percent from last month and sales of beer, wine, and distilled alcoholic beverages were down 2.4 percent.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $591.3 billion at the end of July, virtually unchanged from the revised June level. Total inventories are up 0.5 percent from the revised July 2015 level. The June 2016 to July 2016 percent change was unrevised from the advance estimate of virtually unchanged. July inventories of durable goods were up 0.3 percent from last month, but were down 1.8 percent from a year ago. Inventories of professional and commercial equipment and supplies were up 1.4 percent from last month. Inventories of nondurable goods were down 0.3 percent from June, but were up 4.3 percent from last July. Inventories of farm product raw materials were down 2 percent from last month, while inventories of chemicals and allied products were up 1.4 percent.
The July inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.34. The July 2015 ratio was 1.32.
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