Sales
June 1999 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $228.1 billion, up 1.9 percent (+/-0.6%) from the revised May level and were 8.3 percent (+/-1.2%) above the June 1998 level. The May preliminary estimate was revised upward $0.7 billion or 0.3 percent. June sales of durable goods increased 1.3 percent from last month (+/-0.8%) and were 6.9 percent (+/-1.7%) above last year. Compared to last month, sales of electrical goods increased 2.1 percent and motor vehicles and automotive equipment grew 1.7 percent. June sales of nondurable goods increased 2.6 percent (+/-0.9%) from May and were up 9.9 percent (+/-1.2%) from last year. Sales of chemicals and allied products were up 4.4 percent from last month and farm-product raw materials were up 4.3 percent.Inventories
Total inventories of merchant wholesalers, after adjustment for seasonal variations but not for price changes, were $291.0 billion at the end of June, up 0.3 percent (+/-0.4%) from the revised May level and were 4.3 percent (+/-0.9%) above June 1998. The May preliminary estimate was revised downward $0.5 billion or 0.2 percent. End-of-month inventories of durable goods increased 0.5 percent (+/-0.5%) from last month and were 4.8 percent (+/-1.4%) above June 1998. Among nondurable goods, inventories of petroleum and petroleum products increased 6.3 percent from May, while inventories of apparel, piece goods, and notions fell 4.8 percent.Inventories/Sales Ratio
The June inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.28. The June 1998 ratio was 1.32.
Table 1A - Adjusted Estimated Monthly Sales Table 1B - Unadjusted Estimated Monthly Sales Table 2A - Adjusted Percent Changes Table 2B - Unadjusted Percent Changes
TABLE 1A. ADJUSTED ESTIMATED MONTHLY SALES, INVENTORIES, AND INVENTORIES/SALES RATIOS OF MERCHANT WHOLESALERS: 1999 AND 1998
(In Millions of dollars) 1999 1999 1998 SIC Kind of business Jun(p) May(r) Jun(r) code Sales, total................. 228123 223909 210660 50 Durable goods.................. 121598 120055 113739 501 Motor vehicles & auto. equip...... 18825 18519 16530 502 Furniture & home furnishings...... 4132 4063 4058 503 Lumber & other construction mat... 8780 8638 7519 504 Professional & commercial equipment and supplies.......... 22848 22591 21468 505 Metals & minerals, ex. petroleum.. 7579 7568 8065 506 Electrical goods.................. 19396 18989 17738 507 Hardware, plumbing & heat. equip.. 6828 6956 6602 508 Machinery, equip. & supplies...... 20615 20257 20286 509 Miscellaneous durable goods....... 12595 12474 11473 51 Nondurable goods................ 106525 103854 96921 511 Paper & paper products............ 8166 8194 7560 512 Drugs, drug proprietaries and druggists' sundries............. 12372 12090 10095 513 Apparel, piece goods, and notions. 7816 7915 7046 514 Groceries & related products...... 30005 30156 28882 515 Farm-product raw materials........ 9006 8636 8750 516 Chemicals and allied products..... 4480 4292 4470 517 Petroleum and petroleum products.. 12238 11932 10315 518 Beer, wine & distilled beverages.. 5570 5449 4966 519 Misc. nondurable goods............ 16872 15190 14837 Inventories, total........... 290975 290216 278881 50 Durable goods.................. 190718 189689 182044 501 Motor vehicles & auto. equip...... 27629 27590 25349 502 Furniture & home furnishings...... 6053 5958 5956 503 Lumber & other construction mat... 8688 8681 8301 504 Professional & commercial equipment and supplies.......... 25465 25273 27174 505 Metals & minerals, ex. petroleum.. 12965 12940 13249 506 Electrical goods.................. 26562 26397 25474 507 Hardware, plumbing & heat. equip.. 13260 13196 13238 508 Machinery, equip. & supplies...... 52001 51524 46580 509 Miscellaneous durable goods....... 18095 18130 16723 51 Nondurable goods................ 100257 100527 96837 511 Paper & paper products............ 9871 9682 9343 512 Drugs, drug proprietaries and druggists' sundries............. 17254 16768 14266 513 Apparel, piece goods, and notions. 11317 11887 12634 514 Groceries & related products...... 17784 17963 17277 515 Farm-product raw materials........ 10680 11057 9862 516 Chemicals and allied products..... 4768 4765 4725 517 Petroleum and petroleum products.. 4113 3869 4377 518 Beer, wine & distilled beverages.. 6438 6745 5886 519 Misc. nondurable goods............ 18032 17791 18467 Inventories/sales ratios, total 1.28 1.30 1.32 50 Durable goods.................. 1.57 1.58 1.60 501 Motor vehicles & auto. equip...... 1.47 1.49 1.53 502 Furniture & home furnishings...... 1.46 1.47 1.47 503 Lumber & other construction mat... 0.99 1.00 1.10 504 Professional & commercial equipment and supplies.......... 1.11 1.12 1.27 505 Metals & minerals, ex. petroleum.. 1.71 1.71 1.64 506 Electrical goods.................. 1.37 1.39 1.44 507 Hardware, plumbing & heat. equip.. 1.94 1.90 2.01 508 Machinery, equip. & supplies...... 2.52 2.54 2.30 509 Miscellaneous durable goods....... 1.44 1.45 1.46 51 Nondurable goods................ 0.94 0.97 1.00 511 Paper & paper products............ 1.21 1.18 1.24 512 Drugs, drug proprietaries and druggists' sundries............. 1.39 1.39 1.41 513 Apparel, piece goods, and notions. 1.45 1.50 1.79 514 Groceries & related products...... 0.59 0.60 0.60 515 Farm-product raw materials........ 1.19 1.28 1.13 516 Chemicals and allied products..... 1.06 1.11 1.06 517 Petroleum and petroleum products.. 0.34 0.32 0.42 518 Beer, wine & distilled beverages.. 1.16 1.24 1.19 519 Misc. nondurable goods............ 1.07 1.17 1.24 (r) REVISED. (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY (1989)-MAY 1999. Note: For several kinds of business, the estimation procedure for this month's preliminary estimates of sales and inventory has been changed.TABLE 2A. PERCENT CHANGES IN SALES AND INVENTORIES OF MERCHANT WHOLESALERS
ADJUSTED(1) INVENTORIES, SALES END-OF-MONTH (AT COST) SIC Kind of business code Jun May Jun Jun May Jun 1999 1999 1999 1999 1999 1999 from from from from from from May Apr Jun May Apr Jun 1999 1999 1998 1999 1999 1998 TOTAL........................ 1.9 1.8 8.3 0.3 0.2 4.3 50 Durable goods.................. 1.3 1.6 6.9 0.5 0.6 4.8 501 Motor vehicles & auto. equip...... 1.7 -0.2 13.9 0.1 1.4 9.0 502 Furniture & home furnishings...... 1.7 1.5 1.8 1.6 0.6 1.6 503 Lumber & other construction mat... 1.6 2.2 16.8 0.1 1.8 4.7 504 Professional & commercial equipment and supplies.......... 1.1 3.8 6.4 0.8 1.2 -6.3 505 Metals & minerals, ex. petroleum.. 0.1 -0.7 -6.0 0.2 0.6 -2.1 506 Electrical goods.................. 2.1 0.7 9.3 0.6 1.3 4.3 507 Hardware, plumbing & heat. equip.. -1.8 1.2 3.4 0.5 -0.4 0.2 508 Machinery, equip. & supplies...... 1.8 1.4 1.6 0.9 -0.5 11.6 509 Miscellaneous durable goods....... 1.0 4.0 9.8 -0.2 0.5 8.2 51 Nondurable goods................ 2.6 2.0 9.9 -0.3 -0.5 3.5 511 Paper & paper products............ -0.3 4.2 8.0 2.0 0.6 5.7 512 Drugs, drug proprietaries and druggists' sundries............. 2.3 1.0 22.6 2.9 2.3 20.9 513 Apparel, piece goods, and notions. -1.3 4.7 10.9 -4.8 -0.8 -10.4 514 Groceries & related products...... -0.5 1.0 3.9 -1.0 -0.7 2.9 515 Farm-product raw materials........ 4.3 6.4 2.9 -3.4 0.3 8.3 516 Chemicals and allied products..... 4.4 0.5 0.2 0.1 -1.8 0.9 517 Petroleum and petroleum products.. 2.6 4.5 18.6 6.3 -2.4 -6.0 518 Beer, wine & distilled beverages.. 2.2 -0.1 12.2 -4.6 4.4 9.4 519 Misc. nondurable goods............ 11.1 -0.6 13.7 1.4 -4.4 -2.4 (1) ADJUSTED FOR SEASONAL VARIATION AND, IN THE CASE OF SALES, ALSO TRADING-DAY DIFFERENCES. Note: For several kinds of business, the estimation procedure for this month's preliminary estimates of sales and inventory has been changed.TABLE 1B. UNADJUSTED ESTIMATED MONTHLY SALES, INVENTORIES, AND INVENTORIES/SALES RATIOS OF MERCHANT WHOLESALERS: 1999 AND 1998
(In Millions of dollars) 1999 1999 1998 SIC Kind of business Jun(p) May(r) Jun code Sales, total................. 237521 221805 220052 50 Durable goods.................. 128407 117127 120596 501 Motor vehicles & auto. equip...... 20067 18556 17588 502 Furniture & home furnishings...... 4190 3937 4188 503 Lumber & other construction mat... 9877 8793 8369 504 Professional & commercial equipment and supplies.......... 24287 21123 22842 505 Metals & minerals, ex. petroleum.. 8003 7447 8476 506 Electrical goods.................. 20075 18040 18323 507 Hardware, plumbing & heat. equip.. 7545 6852 7328 508 Machinery, equip. & supplies...... 21831 20541 21929 509 Miscellaneous durable goods....... 12532 11838 11553 51 Nondurable goods................ 109114 104678 99456 511 Paper & paper products............ 8166 7661 7530 512 Drugs, drug proprietaries and druggists' sundries............. 12323 11413 10095 513 Apparel, piece goods, and notions. 7777 6593 6947 514 Groceries & related products...... 30785 31121 29662 515 Farm-product raw materials........ 8511 8239 8304 516 Chemicals and allied products..... 4915 4374 4863 517 Petroleum and petroleum products.. 12091 11825 10202 518 Beer, wine & distilled beverages.. 6172 5558 5458 519 Misc. nondurable goods............ 18374 17894 16395 Inventories, total........... 287593 288339 275757 50 Durable goods.................. 191554 191300 182801 501 Motor vehicles & auto. equip...... 27325 27756 25070 502 Furniture & home furnishings...... 6168 5934 6063 503 Lumber & other construction mat... 8983 8924 8567 504 Professional & commercial equipment and supplies.......... 25338 25172 27011 505 Metals & minerals, ex. petroleum.. 13004 12992 13289 506 Electrical goods.................. 27120 26555 26009 507 Hardware, plumbing & heat. equip.. 13459 13513 13423 508 Machinery, equip. & supplies...... 52261 52451 46813 509 Miscellaneous durable goods....... 17896 18003 16556 51 Nondurable goods................ 96039 97039 92956 511 Paper & paper products............ 9693 9479 9175 512 Drugs, drug proprietaries and druggists' sundries............. 16685 16013 13795 513 Apparel, piece goods, and notions. 11521 11590 12849 514 Groceries & related products...... 17553 17855 17052 515 Farm-product raw materials........ 8213 9177 7594 516 Chemicals and allied products..... 4744 4832 4711 517 Petroleum and petroleum products.. 3936 3869 4193 518 Beer, wine & distilled beverages.. 6528 6522 5951 519 Misc. nondurable goods............ 17166 17702 17636 Inventories/sales ratios, total 1.21 1.30 1.25 50 Durable goods.................. 1.49 1.63 1.52 501 Motor vehicles & auto. equip...... 1.36 1.50 1.43 502 Furniture & home furnishings...... 1.47 1.51 1.45 503 Lumber & other construction mat... 0.91 1.01 1.02 504 Professional & commercial equipment and supplies.......... 1.04 1.19 1.18 505 Metals & minerals, ex. petroleum.. 1.62 1.74 1.57 506 Electrical goods.................. 1.35 1.47 1.42 507 Hardware, plumbing & heat. equip.. 1.78 1.97 1.83 508 Machinery, equip. & supplies...... 2.39 2.55 2.13 509 Miscellaneous durable goods....... 1.43 1.52 1.43 51 Nondurable goods................ 0.88 0.93 0.93 511 Paper & paper products............ 1.19 1.24 1.22 512 Drugs, drug proprietaries and druggists' sundries............. 1.35 1.40 1.37 513 Apparel, piece goods, and notions. 1.48 1.76 1.85 514 Groceries & related products...... 0.57 0.57 0.57 515 Farm-product raw materials........ 0.96 1.11 0.91 516 Chemicals and allied products..... 0.97 1.10 0.97 517 Petroleum and petroleum products.. 0.33 0.33 0.41 518 Beer, wine & distilled beverages.. 1.06 1.17 1.09 519 Misc. nondurable goods............ 0.93 0.99 1.08 (r) REVISED. (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY (1989)-MAY 1999. Note: For several kinds of business, the estimation procedure for this month's preliminary estimates of sales and inventory has been changed.TABLE 2B. PERCENT CHANGES IN SALES AND INVENTORIES OF MERCHANT WHOLESALERS
UNADJUSTED INVENTORIES, SALES END-OF-MONTH (AT COST) SIC Kind of business code 06 Months Jun May Jun 1999 Jun May Jun 1999 1999 1999 from 1999 1999 1999 from from from 06 from from from May Apr Jun Months May Apr Jun 1999 1999 1998 1998 1999 1999 1998 TOTAL........................ 7.1 -0.3 7.9 4.7 -0.3 -1.1 4.3 50 Durable goods.................. 9.6 -1.6 6.5 4.5 0.1 0.5 4.8 501 Motor vehicles & auto. equip...... 8.1 -4.4 14.1 10.8 -1.6 0.5 9.0 502 Furniture & home furnishings...... 6.4 -3.2 0.0 0.5 3.9 2.8 1.7 503 Lumber & other construction mat... 12.3 2.1 18.0 12.9 0.7 1.8 4.9 504 Professional & commercial equipment and supplies.......... 15.0 -0.6 6.3 3.8 0.7 0.0 -6.2 505 Metals & minerals, ex. petroleum.. 7.5 -5.3 -5.6 -5.6 0.1 0.5 -2.1 506 Electrical goods.................. 11.3 -1.1 9.6 6.7 2.1 2.3 4.3 507 Hardware, plumbing & heat. equip.. 10.1 0.6 3.0 5.6 -0.4 -0.1 0.3 508 Machinery, equip. & supplies...... 6.3 -3.3 -0.4 -0.5 -0.4 -0.7 11.6 509 Miscellaneous durable goods....... 5.9 2.4 8.5 5.1 -0.6 1.5 8.1 51 Nondurable goods................ 4.2 1.2 9.7 4.9 -1.0 -4.3 3.3 511 Paper & paper products............ 6.6 -2.1 8.4 8.0 2.3 -2.3 5.6 512 Drugs, drug proprietaries and druggists' sundries............. 8.0 -5.6 22.1 17.3 4.2 -2.9 20.9 513 Apparel, piece goods, and notions. 18.0 -9.1 11.9 4.9 -0.6 0.6 -10.3 514 Groceries & related products...... -1.1 5.9 3.8 4.0 -1.7 -0.0 2.9 515 Farm-product raw materials........ 3.3 7.6 2.5 -8.1 -10.5 -16.0 8.2 516 Chemicals and allied products..... 12.4 0.4 1.1 -5.4 -1.8 -0.6 0.7 517 Petroleum and petroleum products.. 2.2 0.7 18.5 6.9 1.7 -1.6 -6.1 518 Beer, wine & distilled beverages.. 11.0 1.9 13.1 8.8 0.1 1.7 9.7 519 Misc. nondurable goods............ 2.7 1.4 12.1 5.5 -3.0 -10.1 -2.7 Note: For several kinds of business, the estimation procedure for this month's preliminary estimates of sales and inventory has been changed.SOURCE: Monthly Wholesale Trade Sales and Inventories-- June (For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington D.C. 20402. Postage stamps not acceptable; currency submitted at sender's risk. Annual subscription $17.00; single copy $1.50. Remittances from foreign countries must be by international money order or by draft on a U.S. bank, $21.25 per year.) Questions concerning this report should be directed to Mr. Ronald Piencykoski (301) 457-2779/2764.
