Wholesale revenues in June were $454.2 billion, up 0.2 percent from the revised May level and up 6.5 percent from June 2013, according to the U.S. Census Bureau.
June sales of durable goods were up 1.4 percent from last month and were up 6.6 percent from a year ago. Sales of nondurable goods were down 0.7 percent from May, but were up 6.5 percent from last June. Sales of farm product raw materials were down 8.1 percent from last month.
Total inventories of merchant wholesalers were $535.5 billion at the end of June, up 0.3 percent from the revised May level and up 7.9 percent from the June 2013 level. The April preliminary estimate was revised downward $0.9 billion or 0.2 percent.
June inventories of durable goods were up 0.7 percent from last month and up 8.8 percent from a year ago. Inventories of metals and minerals, except petroleum, were up 3.2 percent from last month and inventories of computer and computer peripheral equipment and software were up 1.8 percent. Inventories of nondurable goods were down 0.2 percent from May, but were up 6.4 percent from June 2013.
Inventories of farm product raw materials were down 5.3 percent from last month, while inventories of chemicals and allied products were up 2.6 percent.
The June inventories/sales ratio for merchant wholesalers was 1.17. The June 2013 ratio was 1.16.
