For Wire Transmission 10:00 a.m. ET January 8, 2004 CB04-04
MONTHLY WHOLESALE TRADE: SALES AND INVENTORIES
NOVEMBER 2003
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Intention to Revise Wholesale Estimates: Monthly wholesale sales, inventories, and inventories/sales ratios will be revised based on the results of the 2002 Annual Trade Survey. Revised unadjusted and corresponding adjusted data are scheduled for release on March 3, 2004. |
Sales
November 2003 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $247.4 billion, up 0.3 percent (+/-0.6%) from the revised October level and were up 5.5 percent (+/-1.0%) from the November 2002 level. The October preliminary estimate was revised downward $0.1 billion. November sales of durable goods increased 0.6 percent (+/-0.8%) from last month and were up 6.0 percent (+/-1.3%) from a year ago. Compared to last month, sales of motor vehicle and motor vehicle parts and supplies increased 2.0 percent. November sales of nondurable goods were virtually unchanged (+/-0.8%) from last month and were up 5.0 percent (+/-1.6%) from last year. Compared to last month, sales of paper and paper products were down 3.3 percent, while sales of petroleum and petroleum products were up 1.7 percent.Inventories
Total inventories of merchant wholesalers, after adjustment for seasonal variations but not for price changes, were $292.7 billion at the end of November, up 0.5 percent (+/-0.4%) from last month and were up 2.2 percent (+/-1.4%) from a year ago. The October preliminary estimate was virtually unchanged. End-of-month inventories of durable goods increased 0.3 percent (+/-0.4%) from October and were up 0.5 percent (+/-0.8%) from last November. Inventories of lumber and other construction materials increased 3.4 percent from last month, while inventories of electrical goods decreased 1.8 percent. End-of-month inventories of nondurable goods increased 0.8 percent (+/-0.6%) from October and were up 4.9 percent (+/-3.2%) compared to last November. Inventories of beer, wine, and distilled alcoholic beverages increased 3.0 percent from last month, while chemicals and allied products decreased 1.3 percent.Inventories/Sales Ratio
The November inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.18. The November 2002 ratio was 1.22.
TABLE 1A. ADJUSTED ESTIMATED MONTHLY SALES, INVENTORIES, AND INVENTORIES/SALES RATIOS OF MERCHANT WHOLESALERS: 2003 AND 2002 (Total sales and inventory estimates are shown in millions of dollars. Estimates are based on data from the Monthly Wholesale Trade Survey, Annual Wholesale Trade Survey, and administrative records. Except for NAICS code 4225, estimates have been adjusted using results of the most recent economic census.) 2003 2003 2002 NAICS Kind of business Nov(p) Oct(r) Nov(r) code Sales, Total....................................... 247448 246732 234619 421 Durable Goods....................................... 118222 117543 111574 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 18735 18365 18079 4212 Furniture and Home Furnishings......................... 3764 3757 3569 4213 Lumber & Other Construction Materials.................. 8443 8298 6485 4214 Professional and Commercial Equipment and Supplies..... 21198 20995 21147 42143 Computer & Computer Peripheral Equipment and Software. 9548 9461 9516 4215 Metals and Minerals, ex. Petroleum..................... 7655 7554 7175 4216 Electrical Goods....................................... 18875 18790 17450 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 5648 5602 5338 4218 Machinery, Equipment and Supplies...................... 19393 19670 18172 4219 Miscellaneous Durable Goods............................ 14511 14512 14159 422 Nondurable Goods..................................... 129226 129189 123045 4221 Paper and Paper Products............................... 6038 6241 6232 4222 Drugs and Druggists' Sundries.......................... 22702 22751 20598 4223 Apparel, Piece Goods, and Notions...................... 7055 7031 7477 4224 Groceries and Related Products......................... 35716 35883 35020 4225 Farm Product Raw Materials............................. 12200 12065 10409 4226 Chemicals and Allied Products.......................... 5392 5364 5174 4227 Petroleum and Petroleum Products....................... 19131 18810 17395 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7408 7486 6867 4229 Miscellaneous Nondurable Goods......................... 13584 13558 13873 Inventories, Total.................................. 292743 291224 286317 421 Durable Goods....................................... 174185 173583 173289 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 25090 25227 25350 4212 Furniture and Home Furnishings......................... 5515 5455 5155 4213 Lumber & Other Construction Materials.................. 7718 7465 7130 4214 Professional and Commercial Equipment and Supplies..... 24346 24217 23422 42143 Computer & Computer Peripheral Equipment and Software. 7549 7549 7471 4215 Metals and Minerals, ex. Petroleum..................... 13486 13213 13537 4216 Electrical Goods....................................... 22035 22430 23544 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10402 10381 10108 4218 Machinery, Equipment and Supplies...................... 44624 44450 45505 4219 Miscellaneous Durable Goods............................ 20969 20745 19538 422 Nondurable Goods..................................... 118558 117641 113028 4221 Paper and Paper Products............................... 6248 6254 6144 4222 Drugs and Druggists' Sundries.......................... 31012 30666 28278 4223 Apparel, Piece Goods, and Notions...................... 11944 11788 12376 4224 Groceries and Related Products......................... 22357 22168 22253 4225 Farm Product Raw Materials............................. 11251 11338 9443 4226 Chemicals and Allied Products.......................... 5838 5913 6091 4227 Petroleum and Petroleum Products....................... 4791 4723 4177 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7810 7581 7375 4229 Miscellaneous Nondurable Goods......................... 17307 17210 16891 Inventories/Sales Ratios, Total...................... 1.18 1.18 1.22 421 Durable Goods....................................... 1.47 1.48 1.55 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.34 1.37 1.40 4212 Furniture and Home Furnishings......................... 1.47 1.45 1.44 4213 Lumber & Other Construction Materials.................. 0.91 0.90 1.10 4214 Professional and Commercial Equipment and Supplies..... 1.15 1.15 1.11 42143 Computer & Computer Peripheral Equipment and Software. 0.79 0.80 0.79 4215 Metals and Minerals, ex. Petroleum..................... 1.76 1.75 1.89 4216 Electrical Goods....................................... 1.17 1.19 1.35 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.84 1.85 1.89 4218 Machinery, Equipment and Supplies...................... 2.30 2.26 2.50 4219 Miscellaneous Durable Goods............................ 1.45 1.43 1.38 422 Nondurable Goods..................................... 0.92 0.91 0.92 4221 Paper and Paper Products............................... 1.03 1.00 0.99 4222 Drugs and Druggists' Sundries.......................... 1.37 1.35 1.37 4223 Apparel, Piece Goods, and Notions...................... 1.69 1.68 1.66 4224 Groceries and Related Products......................... 0.63 0.62 0.64 4225 Farm Product Raw Materials............................. 0.92 0.94 0.91 4226 Chemicals and Allied Products.......................... 1.08 1.10 1.18 4227 Petroleum and Petroleum Products....................... 0.25 0.25 0.24 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.05 1.01 1.07 4229 Miscellaneous Nondurable Goods......................... 1.27 1.27 1.22 (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY 1992-JANUARY 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 2003 2003 2003 2003 2003 2003 from from from from from from Oct Sep Nov Oct Sep Nov 2003 2003 2002 2003 2003 2002 TOTAL.............................................. 0.3 2.0 5.5 0.5 0.5 2.2 421 Durable Goods....................................... 0.6 1.6 6.0 0.3 0.5 0.5 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 2.0 1.1 3.6 -0.5 2.5 -1.0 4212 Furniture and Home Furnishings......................... 0.2 -0.5 5.5 1.1 1.0 7.0 4213 Lumber & Other Construction Materials.................. 1.7 1.9 30.2 3.4 2.3 8.2 4214 Professional and Commercial Equipment and Supplies..... 1.0 1.1 0.2 0.5 -0.1 3.9 42143 Computer & Computer Peripheral Equipment and Software. 0.9 2.7 0.3 0.0 1.4 1.0 4215 Metals and Minerals, ex. Petroleum..................... 1.3 1.5 6.7 2.1 0.7 -0.4 4216 Electrical Goods....................................... 0.5 3.7 8.2 -1.8 -1.8 -6.4 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 0.8 -0.3 5.8 0.2 0.6 2.9 4218 Machinery, Equipment and Supplies...................... -1.4 -0.5 6.7 0.4 -0.2 -1.9 4219 Miscellaneous Durable Goods............................ 0.0 4.6 2.5 1.1 1.5 7.3 422 Nondurable Goods..................................... 0.0 2.3 5.0 0.8 0.6 4.9 4221 Paper and Paper Products............................... -3.3 1.6 -3.1 -0.1 0.8 1.7 4222 Drugs and Druggists' Sundries.......................... -0.2 2.0 10.2 1.1 -0.9 9.7 4223 Apparel, Piece Goods, and Notions...................... 0.3 -0.8 -5.6 1.3 -1.9 -3.5 4224 Groceries and Related Products......................... -0.5 -0.6 2.0 0.9 -1.7 0.5 4225 Farm Product Raw Materials............................. 1.1 14.6 17.2 -0.8 15.4 19.1 4226 Chemicals and Allied Products.......................... 0.5 0.1 4.2 -1.3 -0.5 -4.2 4227 Petroleum and Petroleum Products....................... 1.7 2.1 10.0 1.4 -0.4 14.7 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... -1.0 4.6 7.9 3.0 0.5 5.9 4229 Miscellaneous Nondurable Goods......................... 0.2 2.4 -2.1 0.6 0.6 2.5 (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: 2003 AND 2002 (Total sales and inventory estimates are shown in millions of dollars. Estimates are based on data from the Monthly Wholesale Trade Survey, Annual Wholesale Trade Survey, and administrative records. Except for NAICS code 4225, estimates have been adjusted using results of the most recent economic census.) 2003 2003 2002 2003 2002 NAICS Kind of business Nov(p) Oct(r) Nov(r) CUM CUM code Sales, Total....................................... 235058 264263 228956 2635291 2519091 421 Durable Goods....................................... 111670 127084 108375 1251708 1230834 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 18248 19357 18043 198234 194450 4212 Furniture and Home Furnishings......................... 3708 4148 3626 40763 39710 4213 Lumber & Other Construction Materials.................. 7506 9277 5966 83623 74664 4214 Professional and Commercial Equipment and Supplies..... 19629 22150 19857 226993 225137 42143 Computer & Computer Peripheral Equipment and Software. 8555 9981 8631 101324 104940 4215 Metals and Minerals, ex. Petroleum..................... 6935 8143 6723 81646 83160 4216 Electrical Goods....................................... 18290 20801 17433 196366 192964 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 5207 6101 5082 61184 61286 4218 Machinery, Equipment and Supplies...................... 17143 20752 16736 210356 205887 4219 Miscellaneous Durable Goods............................ 15004 16355 14909 152543 153576 422 Nondurable Goods..................................... 123388 137179 120581 1383583 1288257 4221 Paper and Paper Products............................... 5658 6759 6020 67296 67552 4222 Drugs and Druggists' Sundries.......................... 21317 24275 20042 237075 212420 4223 Apparel, Piece Goods, and Notions...................... 6808 8064 7327 78314 84179 4224 Groceries and Related Products......................... 34609 37282 34635 391553 376947 4225 Farm Product Raw Materials............................. 13054 13634 11408 114396 100917 4226 Chemicals and Allied Products.......................... 4837 5670 4807 59014 56876 4227 Petroleum and Petroleum Products....................... 17428 19901 16595 209210 166007 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7193 7995 6984 77894 73252 4229 Miscellaneous Nondurable Goods......................... 12484 13599 12763 148831 150107 Inventories, Total.................................. 295626 294253 288743 421 Durable Goods....................................... 172878 173117 172059 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 25542 25530 25781 4212 Furniture and Home Furnishings......................... 5471 5537 5114 4213 Lumber & Other Construction Materials.................. 7471 7211 6888 4214 Professional and Commercial Equipment and Supplies..... 24419 24483 23539 42143 Computer & Computer Peripheral Equipment and Software. 7564 7617 7538 4215 Metals and Minerals, ex. Petroleum..................... 13405 13041 13442 4216 Electrical Goods....................................... 22035 22699 23568 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10100 10132 9835 4218 Machinery, Equipment and Supplies...................... 43508 43428 44413 4219 Miscellaneous Durable Goods............................ 20927 21056 19479 422 Nondurable Goods..................................... 122748 121136 116684 4221 Paper and Paper Products............................... 6317 6248 6212 4222 Drugs and Druggists' Sundries.......................... 30919 30911 28278 4223 Apparel, Piece Goods, and Notions...................... 11418 11776 11844 4224 Groceries and Related Products......................... 23095 22811 23032 4225 Farm Product Raw Materials............................. 14188 13334 11851 4226 Chemicals and Allied Products.......................... 5785 5830 6030 4227 Petroleum and Petroleum Products....................... 5011 4784 4352 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 8154 8043 7670 4229 Miscellaneous Nondurable Goods......................... 17861 17399 17415 Inventories/Sales Ratios, Total...................... 1.26 1.11 1.26 421 Durable Goods....................................... 1.55 1.36 1.59 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.40 1.32 1.43 4212 Furniture and Home Furnishings......................... 1.48 1.33 1.41 4213 Lumber & Other Construction Materials.................. 1.00 0.78 1.15 4214 Professional and Commercial Equipment and Supplies..... 1.24 1.11 1.19 42143 Computer & Computer Peripheral Equipment and Software. 0.88 0.76 0.87 4215 Metals and Minerals, ex. Petroleum..................... 1.93 1.60 2.00 4216 Electrical Goods....................................... 1.20 1.09 1.35 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.94 1.66 1.94 4218 Machinery, Equipment and Supplies...................... 2.54 2.09 2.65 4219 Miscellaneous Durable Goods............................ 1.39 1.29 1.31 422 Nondurable Goods..................................... 0.99 0.88 0.97 4221 Paper and Paper Products............................... 1.12 0.92 1.03 4222 Drugs and Druggists' Sundries.......................... 1.45 1.27 1.41 4223 Apparel, Piece Goods, and Notions...................... 1.68 1.46 1.62 4224 Groceries and Related Products......................... 0.67 0.61 0.66 4225 Farm Product Raw Materials............................. 1.09 0.98 1.04 4226 Chemicals and Allied Products.......................... 1.20 1.03 1.25 4227 Petroleum and Petroleum Products....................... 0.29 0.24 0.26 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.13 1.01 1.10 4229 Miscellaneous Nondurable Goods......................... 1.43 1.28 1.36 (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY 1992-JANUARY 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 2003 Nov Oct Nov 2003 2003 2003 from 2003 2003 2003 from from from 11 from from from Oct Sep Nov Months Oct Sep Nov 2003 2003 2002 2002 2003 2003 2002 TOTAL.............................................. -11.1 6.6 2.7 4.6 0.5 2.5 2.4 421 Durable Goods....................................... -12.1 4.7 3.0 1.7 -0.1 0.6 0.5 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... -5.7 8.6 1.1 1.9 0.0 6.4 -0.9 4212 Furniture and Home Furnishings......................... -10.6 3.2 2.3 2.7 -1.2 -0.7 7.0 4213 Lumber & Other Construction Materials.................. -19.1 6.6 25.8 12.0 3.6 -0.3 8.5 4214 Professional and Commercial Equipment and Supplies..... -11.4 -3.3 -1.1 0.8 -0.3 0.8 3.7 42143 Computer & Computer Peripheral Equipment and Software. -14.3 -4.5 -0.9 -3.4 -0.7 2.9 0.3 4215 Metals and Minerals, ex. Petroleum..................... -14.8 5.4 3.2 -1.8 2.8 -1.1 -0.3 4216 Electrical Goods....................................... -12.1 7.7 4.9 1.8 -2.9 -1.9 -6.5 4217 Hardware, Plumbing and Heating Equipment and Supplies.. -14.7 4.7 2.5 -0.2 -0.3 -1.1 2.7 4218 Machinery, Equipment and Supplies...................... -17.4 0.7 2.4 2.2 0.2 -1.2 -2.0 4219 Miscellaneous Durable Goods............................ -8.3 13.4 0.6 -0.7 -0.6 2.5 7.4 422 Nondurable Goods..................................... -10.1 8.4 2.3 7.4 1.3 5.4 5.2 4221 Paper and Paper Products............................... -16.3 5.7 -6.0 -0.4 1.1 2.3 1.7 4222 Drugs and Druggists' Sundries.......................... -12.2 6.2 6.4 11.6 0.0 1.2 9.3 4223 Apparel, Piece Goods, and Notions...................... -15.6 3.7 -7.1 -7.0 -3.0 -5.7 -3.6 4224 Groceries and Related Products......................... -7.2 3.9 -0.1 3.9 1.2 0.6 0.3 4225 Farm Product Raw Materials............................. -4.3 37.3 14.4 13.4 6.4 64.3 19.7 4226 Chemicals and Allied Products.......................... -14.7 5.1 0.6 3.8 -0.8 -0.9 -4.1 4227 Petroleum and Petroleum Products....................... -12.4 9.8 5.0 26.0 4.7 -2.7 15.1 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... -10.0 14.9 3.0 6.3 1.4 4.2 6.3 4229 Miscellaneous Nondurable Goods......................... -8.2 2.9 -2.2 -0.9 2.7 5.2 2.6
Monthly Wholesale Trade for December is scheduled to be released February 9, 2004 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 8, 2004
