Merchant Wholesaler Sales Rose 0.7% in June, Up 5.5% YOY
Washington, DC, August 9, 2017-June 2017 sales of merchant wholesalers were $465.8 billion, up 0.7% from the revised May level and were up 5.5% from the June 2016 level, according to the U.S. Census Bureau.
The April 2017 to May 2017 percent change was revised from the preliminary estimate of down 0.5% to down 0.1%.
Total inventories of merchant wholesalers were $599.4 billion at the end of June, up 0.7% from the revised May level. Total inventories were up 2.8% from the revised June 2016 level. The May 2017 to June 2017 percent change was revised from the advance estimate of up 0.6% to up 0.7%.
The June inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.29. The June 2016 ratio was 1.32.