October 2011 wholesale revenues were $406 billion, up 0.9 percent from the revised September level and up 13.1 percent from October 2010, according to the latest release from the U.S. Census Bureau. The September preliminary estimate was revised downward $0.8 billion or 0.2 percent.
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October sales of durable goods were down 0.1 percent from last month, but up 12.4 percent from a year ago. Sales of nondurable goods were up 1.7 percent from September and up 13.5 percent from last October. Sales of farm product raw materials were up 11.7 percent from last month and sales of apparel, piece goods, and notions were up 2.2 percent.
Total inventories were $470.2 billion at the end of October, up 1.6 percent from the revised September level and were up 10.9 percent from the October 2010 level. The September preliminary estimate was revised upward $0.8 billion or 0.2 percent.
October inventories of durable goods were up 0.8 percent from last month and were up 11.6 percent from a year ago. Inventories of metals and minerals, except petroleum were up 1.8 percent from last month and inventories of electrical and electronic goods were up 1.3 percent. Inventories of nondurable goods were up 2.8 percent from September and were up 9.8 percent from last October. Inventories of farm product raw materials were up 14.4 percent from last month and inventories of petroleum and petroleum products were up 5.7 percent.
The October inventories/sales ratio for merchant wholesalers was 1.16. The October 2010 ratio was 1.18.
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