For Wire Transmission 10:00 a.m. ET January 10, 2005 CB05-05
MONTHLY WHOLESALE TRADE: SALES AND INVENTORIES
NOVEMBER 2004
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Intention to Revise Wholesale Data: Monthly wholesale sales, inventories, and inventories/sales ratios will be revised based on the results of the 2003 Annual Trade Survey and the preliminary results of the 2002 Census of Wholesale Trade. Revised unadjusted and corresponding adjusted data are scheduled for release on March 31, 2005. |
Sales
November 2004 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $283.7 billion, up 0.7 percent (+/-0.7%) from the revised October level and were up 14.0 percent (+/-1.3%) from the November 2003 level. The October preliminary estimate was revised downward $0.1 billion or -0.1 percent. November sales of durable goods increased 0.9 percent (+/-1.0%) from last month and were up 16.9 percent (+/-2.0%) from a year ago. Compared to last month, sales of computer and computer peripheral equipment and software increased 4.7 percent, while motor vehicle and motor vehicle parts and supplies decreased 2.3 percent. November sales of nondurable goods were up 0.4 percent (+/-0.8%) from last month and were up 11.4 percent (+/-1.7%) from last year. Compared to last month, sales of chemicals and allied products were up 3.5 percent.Inventories
Total inventories of merchant wholesalers, after adjustment for seasonal variations but not for price changes, were $326.8 billion at the end of November, up 1.1 percent (+/-0.5%) from last month and were up 11.5 percent (+/-1.3%) from a year ago. The October preliminary estimate was virtually unchanged. End-of-month inventories of durable goods increased 1.3 percent (+/-0.5%) from October and were up 16.7 percent (+/-1.5%) from last November. Inventories of computer and computer peripheral equipment and software increased 4.0 percent from last month and inventories of metals and minerals, except petroleum increased 3.9 percent. End-of-month inventories of nondurable goods increased 0.9 percent (+/-0.7%) from October and were up 4.0 percent (+/-1.7%) compared to last November. Inventories of apparel, piece goods, and notions increased 2.7 percent from last month and inventories of beer, wine, and distilled alcoholic beverages increased 1.7 percent.Inventories/Sales Ratio
The November inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.15. The November 2003 ratio was 1.18.
TABLE 1A. ADJUSTED ESTIMATED MONTHLY SALES, INVENTORIES, AND INVENTORIES/SALES RATIOS OF MERCHANT WHOLESALERS: 2004 AND 2003 (Total sales and inventory estimates are shown in millions of dollars. Estimates are based on data from the Monthly Wholesale Trade Survey.) 2004 2004 2003 NAICS Kind of business Nov(p) Oct(r) Nov(r) code Sales, Total....................................... 283672 281832 248767 421 Durable Goods....................................... 139140 137898 119075 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 19844 20307 19246 4212 Furniture and Home Furnishings......................... 4166 4191 3850 4213 Lumber & Other Construction Materials.................. 9751 9768 8354 4214 Professional and Commercial Equipment and Supplies..... 23306 22917 21491 42143 Computer & Computer Peripheral Equipment and Software. 11048 10551 9481 4215 Metals and Minerals, ex. Petroleum..................... 12187 11963 7907 4216 Electrical Goods....................................... 20657 20496 18452 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 6152 6142 5694 4218 Machinery, Equipment and Supplies...................... 24301 24336 19533 4219 Miscellaneous Durable Goods............................ 18776 17778 14548 422 Nondurable Goods..................................... 144532 143934 129692 4221 Paper and Paper Products............................... 7145 7064 6343 4222 Drugs and Druggists' Sundries.......................... 25289 25071 22559 4223 Apparel, Piece Goods, and Notions...................... 7330 7408 7248 4224 Groceries and Related Products......................... 36455 36442 34860 4225 Farm Product Raw Materials............................. 10683 11037 12179 4226 Chemicals and Allied Products.......................... 6160 5954 5291 4227 Petroleum and Petroleum Products....................... 27550 27171 19343 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7575 7509 7111 4229 Miscellaneous Nondurable Goods......................... 16345 16278 14758 Inventories, Total.................................. 326756 323091 292968 421 Durable Goods....................................... 203290 200772 174231 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 27811 27679 25373 4212 Furniture and Home Furnishings......................... 6091 6065 5745 4213 Lumber & Other Construction Materials.................. 10631 10761 8071 4214 Professional and Commercial Equipment and Supplies..... 26755 26368 24298 42143 Computer & Computer Peripheral Equipment and Software. 8595 8265 7179 4215 Metals and Minerals, ex. Petroleum..................... 22255 21429 13591 4216 Electrical Goods....................................... 24279 24003 21461 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 11603 11501 10259 4218 Machinery, Equipment and Supplies...................... 49191 48522 44588 4219 Miscellaneous Durable Goods............................ 24674 24444 20845 422 Nondurable Goods..................................... 123466 122319 118737 4221 Paper and Paper Products............................... 7417 7450 6392 4222 Drugs and Druggists' Sundries.......................... 30577 30458 31297 4223 Apparel, Piece Goods, and Notions...................... 13193 12841 11976 4224 Groceries and Related Products......................... 23600 23300 21779 4225 Farm Product Raw Materials............................. 8650 8993 12347 4226 Chemicals and Allied Products.......................... 6374 6311 5808 4227 Petroleum and Petroleum Products....................... 6356 6323 4843 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7936 7803 7711 4229 Miscellaneous Nondurable Goods......................... 19363 18840 16584 Inventories/Sales Ratios, Total...................... 1.15 1.15 1.18 421 Durable Goods....................................... 1.46 1.46 1.46 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.40 1.36 1.32 4212 Furniture and Home Furnishings......................... 1.46 1.45 1.49 4213 Lumber & Other Construction Materials.................. 1.09 1.10 0.97 4214 Professional and Commercial Equipment and Supplies..... 1.15 1.15 1.13 42143 Computer & Computer Peripheral Equipment and Software. 0.78 0.78 0.76 4215 Metals and Minerals, ex. Petroleum..................... 1.83 1.79 1.72 4216 Electrical Goods....................................... 1.18 1.17 1.16 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.89 1.87 1.80 4218 Machinery, Equipment and Supplies...................... 2.02 1.99 2.28 4219 Miscellaneous Durable Goods............................ 1.31 1.37 1.43 422 Nondurable Goods..................................... 0.85 0.85 0.92 4221 Paper and Paper Products............................... 1.04 1.05 1.01 4222 Drugs and Druggists' Sundries.......................... 1.21 1.21 1.39 4223 Apparel, Piece Goods, and Notions...................... 1.80 1.73 1.65 4224 Groceries and Related Products......................... 0.65 0.64 0.62 4225 Farm Product Raw Materials............................. 0.81 0.81 1.01 4226 Chemicals and Allied Products.......................... 1.03 1.06 1.10 4227 Petroleum and Petroleum Products....................... 0.23 0.23 0.25 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.05 1.04 1.08 4229 Miscellaneous Nondurable Goods......................... 1.18 1.16 1.12 (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY 1992-DECEMBER 2003. (r) REVISED. Note: Estimates have not been adjusted for price changes. Information on confidentiality protection, sampling error, nonsampling error, sample design, and definitions may be found at http://www/census.gov/svsd/www/mwtsreliability.html.
TABLE 2A. PERCENT CHANGES IN SALES AND INVENTORIES OF MERCHANT WHOLESALERS ADJUSTED(1) INVENTORIES, SALES END-OF-MONTH (AT COST) NAICS Kind of business code Nov Oct Nov Nov Oct Nov 2004 2004 2004 2004 2004 2004 from from from from from from Oct Sep Nov Oct Sep Nov 2004 2004 2003 2004 2004 2003 TOTAL.............................................. 0.7 1.6 14.0 1.1 1.1 11.5 421 Durable Goods....................................... 0.9 1.8 16.9 1.3 1.6 16.7 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... -2.3 0.8 3.1 0.5 -1.6 9.6 4212 Furniture and Home Furnishings......................... -0.6 -3.0 8.2 0.4 0.2 6.0 4213 Lumber & Other Construction Materials.................. -0.2 -3.0 16.7 -1.2 0.5 31.7 4214 Professional and Commercial Equipment and Supplies..... 1.7 1.7 8.4 1.5 2.4 10.1 42143 Computer & Computer Peripheral Equipment and Software. 4.7 3.0 16.5 4.0 3.7 19.7 4215 Metals and Minerals, ex. Petroleum..................... 1.9 2.2 54.1 3.9 7.0 63.7 4216 Electrical Goods....................................... 0.8 0.2 11.9 1.1 0.4 13.1 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 0.2 0.0 8.0 0.9 2.0 13.1 4218 Machinery, Equipment and Supplies...................... -0.1 4.1 24.4 1.4 2.0 10.3 4219 Miscellaneous Durable Goods............................ 5.6 6.2 29.1 0.9 1.3 18.4 422 Nondurable Goods..................................... 0.4 1.4 11.4 0.9 0.3 4.0 4221 Paper and Paper Products............................... 1.1 0.8 12.6 -0.4 0.4 16.0 4222 Drugs and Druggists' Sundries.......................... 0.9 0.7 12.1 0.4 -1.1 -2.3 4223 Apparel, Piece Goods, and Notions...................... -1.1 -0.3 1.1 2.7 2.4 10.2 4224 Groceries and Related Products......................... 0.0 1.4 4.6 1.3 2.4 8.4 4225 Farm Product Raw Materials............................. -3.2 1.6 -12.3 -3.8 -10.0 -29.9 4226 Chemicals and Allied Products.......................... 3.5 0.7 16.4 1.0 2.7 9.7 4227 Petroleum and Petroleum Products....................... 1.4 3.9 42.4 0.5 4.3 31.2 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 0.9 -0.2 6.5 1.7 0.5 2.9 4229 Miscellaneous Nondurable Goods......................... 0.4 0.1 10.8 2.8 2.0 16.8 (1) ADJUSTED FOR SEASONAL VARIATIONS AND, IN THE CASE OF SALES, ALSO TRADING-DAY DIFFERENCES.
TABLE 1B. UNADJUSTED ESTIMATED MONTHLY SALES, INVENTORIES, AND INVENTORIES/SALES RATIOS OF MERCHANT WHOLESALERS: 2004 AND 2003 (Total sales and inventory estimates are shown in millions of dollars. Estimates are based on data from the Monthly Wholesale Trade Survey.) 2004 2004 2003 2004 2003 NAICS Kind of business Nov(p) Oct(r) Nov(r) CUM CUM code Sales, Total....................................... 283443 283549 234591 2991409 2627938 421 Durable Goods....................................... 138900 139325 111670 1466093 1247884 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 20003 20551 18515 218083 201403 4212 Furniture and Home Furnishings......................... 4374 4334 3765 45661 41280 4213 Lumber & Other Construction Materials.................. 8990 9993 7226 108253 80751 4214 Professional and Commercial Equipment and Supplies..... 22723 22275 19815 247824 228885 42143 Computer & Computer Peripheral Equipment and Software. 10286 10182 8419 114055 99103 4215 Metals and Minerals, ex. Petroleum..................... 11444 11951 7006 121923 82355 4216 Electrical Goods....................................... 21297 21316 17935 222951 191563 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 6090 6314 5216 66951 61264 4218 Machinery, Equipment and Supplies...................... 23232 23995 17091 251032 209316 4219 Miscellaneous Durable Goods............................ 20747 18596 15101 183415 151067 422 Nondurable Goods..................................... 144543 144224 122921 1525316 1380054 4221 Paper and Paper Products............................... 7145 7191 5924 75185 70429 4222 Drugs and Druggists' Sundries.......................... 25744 24996 21183 263794 236216 4223 Apparel, Piece Goods, and Notions...................... 7359 7934 6907 82508 79557 4224 Groceries and Related Products......................... 36965 36296 33849 392671 382760 4225 Farm Product Raw Materials............................. 12179 11876 12617 124800 111420 4226 Chemicals and Allied Products.......................... 5938 5865 4735 63542 57848 4227 Petroleum and Petroleum Products....................... 25897 27416 17389 266721 206811 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7984 7479 6976 79438 75786 4229 Miscellaneous Nondurable Goods......................... 15332 15171 13341 176657 159227 Inventories, Total.................................. 329610 325409 296364 421 Durable Goods....................................... 202113 200379 173114 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 27978 27762 25551 4212 Furniture and Home Furnishings......................... 6012 6114 5670 4213 Lumber & Other Construction Materials.................. 10216 10384 7764 4214 Professional and Commercial Equipment and Supplies..... 27103 26790 24565 42143 Computer & Computer Peripheral Equipment and Software. 8758 8356 7315 4215 Metals and Minerals, ex. Petroleum..................... 21988 21150 13428 4216 Electrical Goods....................................... 24109 24003 21354 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 11383 11351 10044 4218 Machinery, Equipment and Supplies...................... 48502 47697 43830 4219 Miscellaneous Durable Goods............................ 24822 25128 20908 422 Nondurable Goods..................................... 127497 125030 123250 4221 Paper and Paper Products............................... 7484 7525 6462 4222 Drugs and Druggists' Sundries.......................... 30760 30824 31485 4223 Apparel, Piece Goods, and Notions...................... 12771 12828 11557 4224 Groceries and Related Products......................... 24379 23999 22454 4225 Farm Product Raw Materials............................. 10484 9883 15076 4226 Chemicals and Allied Products.......................... 6380 6279 5802 4227 Petroleum and Petroleum Products....................... 6578 6298 5013 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 8388 8271 8120 4229 Miscellaneous Nondurable Goods......................... 20273 19123 17281 Inventories/Sales Ratios, Total...................... 1.16 1.15 1.26 421 Durable Goods....................................... 1.46 1.44 1.55 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.40 1.35 1.38 4212 Furniture and Home Furnishings......................... 1.37 1.41 1.51 4213 Lumber & Other Construction Materials.................. 1.14 1.04 1.07 4214 Professional and Commercial Equipment and Supplies..... 1.19 1.20 1.24 42143 Computer & Computer Peripheral Equipment and Software. 0.85 0.82 0.87 4215 Metals and Minerals, ex. Petroleum..................... 1.92 1.77 1.92 4216 Electrical Goods....................................... 1.13 1.13 1.19 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.87 1.80 1.93 4218 Machinery, Equipment and Supplies...................... 2.09 1.99 2.56 4219 Miscellaneous Durable Goods............................ 1.20 1.35 1.38 422 Nondurable Goods..................................... 0.88 0.87 1.00 4221 Paper and Paper Products............................... 1.05 1.05 1.09 4222 Drugs and Druggists' Sundries.......................... 1.19 1.23 1.49 4223 Apparel, Piece Goods, and Notions...................... 1.74 1.62 1.67 4224 Groceries and Related Products......................... 0.66 0.66 0.66 4225 Farm Product Raw Materials............................. 0.86 0.83 1.19 4226 Chemicals and Allied Products.......................... 1.07 1.07 1.23 4227 Petroleum and Petroleum Products....................... 0.25 0.23 0.29 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.05 1.11 1.16 4229 Miscellaneous Nondurable Goods......................... 1.32 1.26 1.30 (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY 1992-DECEMBER 2003. (r) REVISED. Note: Estimates have not been adjusted for price changes. Information on confidentiality protection, sampling error, nonsampling error, sample design, and definitions may be found at http://www/census.gov/svsd/www/mwtsreliability.html.
TABLE 2B. PERCENT CHANGES IN SALES AND INVENTORIES OF MERCHANT WHOLESALERS UNADJUSTED INVENTORIES, SALES END-OF-MONTH (AT COST) NAICS Kind of business code 11 Months Nov Oct Nov 2004 Nov Oct Nov 2004 2004 2004 from 2004 2004 2004 from from from 11 from from from Oct Sep Nov Months Oct Sep Nov 2004 2004 2003 2003 2004 2004 2003 TOTAL.............................................. 0.0 0.6 20.8 13.8 1.3 2.7 11.2 421 Durable Goods....................................... -0.3 -0.5 24.4 17.5 0.9 1.7 16.8 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... -2.7 5.7 8.0 8.3 0.8 1.0 9.5 4212 Furniture and Home Furnishings......................... 0.9 -4.5 16.2 10.6 -1.7 -1.4 6.0 4213 Lumber & Other Construction Materials.................. -10.0 -7.5 24.4 34.1 -1.6 -1.3 31.6 4214 Professional and Commercial Equipment and Supplies..... 2.0 -10.0 14.7 8.3 1.2 3.8 10.3 42143 Computer & Computer Peripheral Equipment and Software. 1.0 -12.7 22.2 15.1 4.8 5.7 19.7 4215 Metals and Minerals, ex. Petroleum..................... -4.2 -0.3 63.3 48.0 4.0 5.9 63.7 4216 Electrical Goods....................................... -0.1 -0.8 18.7 16.4 0.4 -1.0 12.9 4217 Hardware, Plumbing and Heating Equipment and Supplies.. -3.5 0.9 16.8 9.3 0.3 0.7 13.3 4218 Machinery, Equipment and Supplies...................... -3.2 1.3 35.9 19.9 1.7 1.3 10.7 4219 Miscellaneous Durable Goods............................ 11.6 8.8 37.4 21.4 -1.2 2.9 18.7 422 Nondurable Goods..................................... 0.2 1.6 17.6 10.5 2.0 4.5 3.4 4221 Paper and Paper Products............................... -0.6 -1.7 20.6 6.8 -0.5 1.9 15.8 4222 Drugs and Druggists' Sundries.......................... 3.0 -1.8 21.5 11.7 -0.2 0.4 -2.3 4223 Apparel, Piece Goods, and Notions...................... -7.2 -3.2 6.5 3.7 -0.4 -1.4 10.5 4224 Groceries and Related Products......................... 1.8 0.9 9.2 2.6 1.6 6.0 8.6 4225 Farm Product Raw Materials............................. 2.6 17.4 -3.5 12.0 6.1 26.8 -30.5 4226 Chemicals and Allied Products.......................... 1.2 -2.0 25.4 9.8 1.6 2.8 10.0 4227 Petroleum and Petroleum Products....................... -5.5 8.9 48.9 29.0 4.4 2.8 31.2 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 6.8 0.6 14.4 4.8 1.4 4.1 3.3 4229 Miscellaneous Nondurable Goods......................... 1.1 -7.0 14.9 10.9 6.0 6.5 17.3
Monthly Wholesale Trade for December is scheduled to be released February 9, 2005 at 10:00 a.m. Address inquiries concerning this report to Service Sector Statistics Division, U.S. Census Bureau, Washington, DC 20233, or call Nancy Piesto, (301) 763-2747.
This report is available on day of issue through the Department of Commerce's STAT-USA website; for information, call (202) 482-1986.
Source: U.S.
Census Bureau
E-mail questions
to: Monthly
Wholesale Trade Survey
Last Revised: January 10, 2005
