For Wire Transmission 10:00 a.m. ET March 11, 2003 CB03-48
MONTHLY WHOLESALE TRADE: SALES AND INVENTORIES
JANUARY 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 2001 Annual Trade Survey. Revised unadjusted and corresponding adjusted data are scheduled for release on April 3. |
Sales
January 2003 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $236.9 billion, up 1.0 percent (+/-0.6%) from the revised December level, and were up 6.1 percent (+/-0.9%) from the January 2002 level. The December preliminary estimate was revised upward $1.0 billion or 0.4 percent. January sales of durable goods increased 1.0 percent (+/-0.9%) from last month, and were up 1.9 percent (+/-1.4%) from a year ago. Compared to last month, sales of lumber and other construction materials increased 7.4 percent and sales of metals and minerals, except petroleum, increased 3.3 percent. January sales of nondurable goods increased 0.9 percent (+/-0.8%) from last month and were up 10.3 percent (+/-1.4%) from last year. Compared to last month, sales of petroleum and petroleum products increased 7.6 percent, while sales of beer, wine, and distilled alcoholic beverages decreased 4.4 percent.
Inventories
Total inventories of merchant wholesalers, after adjustment for seasonal variations but not for price changes, were $286.5 billion at the end of January, down 0.2 percent (+/-0.4%) from last month, but were up 0.1 percent (+/-0.8%) from a year ago. The December preliminary estimate was virtually unchanged. Among durable goods, inventories of hardware, and plumbing and heating equipment and supplies were up 1.2 percent from December, while metals and minerals, except petroleum, were down 1.6 percent. Among nondurable goods, inventories of chemicals and allied products increased 2.4 percent from last month.
Inventories/Sales Ratio
The January inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.21. The January 2002 ratio was 1.28.
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 2002 2002 NAICS Kind of business Jan(p) Dec(r) Jan(r) code Sales, Total....................................... 236899 234635 223341 421 Durable Goods....................................... 113913 112730 111809 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 18113 18013 17221 4212 Furniture and Home furnishings......................... 3472 3363 3558 4213 Lumber & Other Construction Materials.................. 6981 6500 6567 4214 Professional and Commercial Equipment and Supplies..... 22057 22208 21554 42143 Computer & Computer Peripheral Equipment and Software. 11384 11680 11591 4215 Metals and Minerals, ex. Petroleum..................... 7183 6952 7168 4216 Electrical Goods....................................... 17303 17147 17323 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 5261 5146 5439 4218 Machinery, Equipment and Supplies...................... 19989 19903 19806 4219 Miscellaneous Durable Goods............................ 13554 13498 13173 422 Nondurable Goods..................................... 122986 121905 111532 4221 Paper and Paper Products............................... 6314 6345 6189 4222 Drugs and Druggists' Sundries.......................... 19225 19257 17735 4223 Apparel, Piece Goods, and Notions...................... 6803 6884 6765 4224 Groceries and Related Products......................... 35555 35432 34500 4225 Farm Product Raw Materials............................. 10545 10911 8516 4226 Chemicals and Allied Products.......................... 5161 5018 4924 4227 Petroleum and Petroleum Products....................... 18922 17578 12629 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 6618 6919 6271 4229 Miscellaneous Nondurable Goods......................... 13843 13561 14003 Inventories, Total.................................. 286498 287126 286354 421 Durable Goods....................................... 169902 170538 172590 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 24751 24948 23639 4212 Furniture and Home furnishings......................... 5234 5246 5282 4213 Lumber & Other Construction Materials.................. 6911 6846 6704 4214 Professional and Commercial Equipment and Supplies..... 23049 22921 22964 42143 Computer & Computer Peripheral Equipment and Software. 7906 7801 8014 4215 Metals and Minerals, ex. Petroleum..................... 12721 12931 12153 4216 Electrical Goods....................................... 23512 23709 23786 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10196 10078 10234 4218 Machinery, Equipment and Supplies...................... 43854 44298 47685 4219 Miscellaneous Durable Goods............................ 19674 19561 20143 422 Nondurable Goods..................................... 116596 116588 113764 4221 Paper and Paper Products............................... 6021 6071 6237 4222 Drugs and Druggists' Sundries.......................... 28303 28342 27867 4223 Apparel, Piece Goods, and Notions...................... 12410 12454 12724 4224 Groceries and Related Products......................... 22753 22500 21371 4225 Farm Product Raw Materials............................. 9036 9289 10082 4226 Chemicals and Allied Products.......................... 6279 6130 6089 4227 Petroleum and Petroleum Products....................... 5303 5232 4623 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7135 7087 6533 4229 Miscellaneous Nondurable Goods......................... 19356 19483 18238 Inventories/Sales Ratios, Total...................... 1.21 1.22 1.28 421 Durable Goods....................................... 1.49 1.51 1.54 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.37 1.38 1.37 4212 Furniture and Home furnishings......................... 1.51 1.56 1.48 4213 Lumber & Other Construction Materials.................. 0.99 1.05 1.02 4214 Professional and Commercial Equipment and Supplies..... 1.04 1.03 1.07 42143 Computer & Computer Peripheral Equipment and Software. 0.69 0.67 0.69 4215 Metals and Minerals, ex. Petroleum..................... 1.77 1.86 1.70 4216 Electrical Goods....................................... 1.36 1.38 1.37 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.94 1.96 1.88 4218 Machinery, Equipment and Supplies...................... 2.19 2.23 2.41 4219 Miscellaneous Durable Goods............................ 1.45 1.45 1.53 422 Nondurable Goods..................................... 0.95 0.96 1.02 4221 Paper and Paper Products............................... 0.95 0.96 1.01 4222 Drugs and Druggists' Sundries.......................... 1.47 1.47 1.57 4223 Apparel, Piece Goods, and Notions...................... 1.82 1.81 1.88 4224 Groceries and Related Products......................... 0.64 0.64 0.62 4225 Farm Product Raw Materials............................. 0.86 0.85 1.18 4226 Chemicals and Allied Products.......................... 1.22 1.22 1.24 4227 Petroleum and Petroleum Products....................... 0.28 0.30 0.37 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.08 1.02 1.04 4229 Miscellaneous Nondurable Goods......................... 1.40 1.44 1.30 (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY 1992-FEBRUARY 2002. (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 Jan Dec Jan Jan Dec Jan 2003 2002 2003 2003 2002 2003 from from from from from from Dec Nov Jan Dec Nov Jan 2002 2002 2002 2002 2002 2002 TOTAL.............................................. 1.0 -0.4 6.1 -0.2 0.8 0.1 421 Durable Goods....................................... 1.0 -1.0 1.9 -0.4 0.2 -1.6 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 0.6 -0.6 5.2 -0.8 -1.2 4.7 4212 Furniture and Home Furnishings......................... 3.2 -3.6 -2.4 -0.2 0.9 -0.9 4213 Lumber & Other Construction Materials.................. 7.4 0.0 6.3 0.9 0.9 3.1 4214 Professional and Commercial Equipment and Supplies..... -0.7 -1.5 2.3 0.6 0.7 0.4 42143 Computer & Computer Peripheral Equipment and Software. -2.5 0.9 -1.8 1.3 1.5 -1.3 4215 Metals and Minerals, ex. Petroleum..................... 3.3 -3.5 0.2 -1.6 0.2 4.7 4216 Electrical Goods....................................... 0.9 -2.8 -0.1 -0.8 0.4 -1.2 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 2.2 -0.5 -3.3 1.2 1.6 -0.4 4218 Machinery, Equipment and Supplies...................... 0.4 3.5 0.9 -1.0 0.1 -8.0 4219 Miscellaneous Durable Goods............................ 0.4 -3.4 2.9 0.6 0.6 -2.3 422 Nondurable Goods..................................... 0.9 0.2 10.3 0.0 1.6 2.5 4221 Paper and Paper Products............................... -0.5 0.2 2.0 -0.8 0.0 -3.5 4222 Drugs and Druggists' Sundries.......................... -0.2 -1.0 8.4 -0.1 1.8 1.6 4223 Apparel, Piece Goods, and Notions...................... -1.2 -3.8 0.6 -0.4 0.5 -2.5 4224 Groceries and Related Products......................... 0.3 -0.4 3.1 1.1 1.5 6.5 4225 Farm Product Raw Materials............................. -3.4 2.1 23.8 -2.7 -0.7 -10.4 4226 Chemicals and Allied Products.......................... 2.8 -0.7 4.8 2.4 -1.3 3.1 4227 Petroleum and Petroleum Products....................... 7.6 4.2 49.8 1.4 17.2 14.7 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... -4.4 5.4 5.5 0.7 1.8 9.2 4229 Miscellaneous Nondurable Goods......................... 2.1 -2.5 -1.1 -0.7 1.0 6.1 (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 2002 2002 2003 2002 NAICS Kind of business Jan(p) Dec(r) Jan(r) CUM CUM code Sales, Total....................................... 228591 233001 215493 228591 215493 421 Durable Goods....................................... 106489 110184 104947 106489 104947 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 16628 18067 15895 16628 15895 4212 Furniture and Home furnishings......................... 3232 3151 3305 3232 3305 4213 Lumber & Other Construction Materials.................. 6374 5343 5943 6374 5943 4214 Professional and Commercial Equipment and Supplies..... 20756 23474 20304 20756 20304 42143 Computer & Computer Peripheral Equipment and Software. 10667 12743 10861 10667 10861 4215 Metals and Minerals, ex. Petroleum..................... 7111 6201 7154 7111 7154 4216 Electrical Goods....................................... 16351 16598 16440 16351 16440 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 4966 4575 5156 4966 5156 4218 Machinery, Equipment and Supplies...................... 18710 19803 18618 18710 18618 4219 Miscellaneous Durable Goods............................ 12361 12972 12132 12361 12132 422 Nondurable Goods..................................... 122102 122817 110546 122102 110546 4221 Paper and Paper Products............................... 6314 6161 6214 6314 6214 4222 Drugs and Druggists' Sundries.......................... 20032 20124 18569 20032 18569 4223 Apparel, Piece Goods, and Notions...................... 6272 5356 6447 6272 6447 4224 Groceries and Related Products......................... 34346 35645 33327 34346 33327 4225 Farm Product Raw Materials............................. 11578 12242 9564 11578 9564 4226 Chemicals and Allied Products.......................... 5182 4571 4954 5182 4954 4227 Petroleum and Petroleum Products....................... 19774 17437 12919 19774 12919 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 5301 7964 5067 5301 5067 4229 Miscellaneous Nondurable Goods......................... 13303 13317 13485 13303 13485 Inventories, Total.................................. 290550 289379 290493 421 Durable Goods....................................... 169259 168148 171764 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 25073 24773 23923 4212 Furniture and Home furnishings......................... 5150 5146 5197 4213 Lumber & Other Construction Materials.................. 6842 6558 6624 4214 Professional and Commercial Equipment and Supplies..... 23141 22669 23056 42143 Computer & Computer Peripheral Equipment and Software. 7906 7661 8046 4215 Metals and Minerals, ex. Petroleum..................... 12708 13151 12153 4216 Electrical Goods....................................... 23441 23401 23762 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10155 9927 10162 4218 Machinery, Equipment and Supplies...................... 42977 43412 46684 4219 Miscellaneous Durable Goods............................ 19772 19111 20203 422 Nondurable Goods..................................... 121291 121231 118729 4221 Paper and Paper Products............................... 6009 6162 6231 4222 Drugs and Druggists' Sundries.......................... 30171 29986 29650 4223 Apparel, Piece Goods, and Notions...................... 12820 12354 13157 4224 Groceries and Related Products......................... 22730 22860 21328 4225 Farm Product Raw Materials............................. 11033 11333 12371 4226 Chemicals and Allied Products.......................... 6248 6142 6059 4227 Petroleum and Petroleum Products....................... 5330 5389 4632 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 6800 6548 6206 4229 Miscellaneous Nondurable Goods......................... 20150 20457 19095 Inventories/Sales Ratios, Total...................... 1.27 1.24 1.35 421 Durable Goods....................................... 1.59 1.53 1.64 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.51 1.37 1.51 4212 Furniture and Home furnishings......................... 1.59 1.63 1.57 4213 Lumber & Other Construction Materials.................. 1.07 1.23 1.11 4214 Professional and Commercial Equipment and Supplies..... 1.11 0.97 1.14 42143 Computer & Computer Peripheral Equipment and Software. 0.74 0.60 0.74 4215 Metals and Minerals, ex. Petroleum..................... 1.79 2.12 1.70 4216 Electrical Goods....................................... 1.43 1.41 1.45 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 2.04 2.17 1.97 4218 Machinery, Equipment and Supplies...................... 2.30 2.19 2.51 4219 Miscellaneous Durable Goods............................ 1.60 1.47 1.67 422 Nondurable Goods..................................... 0.99 0.99 1.07 4221 Paper and Paper Products............................... 0.95 1.00 1.00 4222 Drugs and Druggists' Sundries.......................... 1.51 1.49 1.60 4223 Apparel, Piece Goods, and Notions...................... 2.04 2.31 2.04 4224 Groceries and Related Products......................... 0.66 0.64 0.64 4225 Farm Product Raw Materials............................. 0.95 0.93 1.29 4226 Chemicals and Allied Products.......................... 1.21 1.34 1.22 4227 Petroleum and Petroleum Products....................... 0.27 0.31 0.36 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.28 0.82 1.22 4229 Miscellaneous Nondurable Goods......................... 1.51 1.54 1.42 (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY 1992-FEBRUARY 2002. (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 01 Month Jan Dec Jan 2003 Jan Dec Jan 2003 2002 2003 from 2003 2002 2003 from from from 01 from from from Dec Nov Jan Month Dec Nov Jan 2002 2002 2002 2002 2002 2002 2002 TOTAL.............................................. -1.9 1.6 6.1 6.1 0.4 0.8 0.0 421 Durable Goods....................................... -3.4 -0.1 1.5 1.5 0.7 -0.5 -1.5 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... -8.0 0.3 4.6 4.6 1.2 -3.5 4.8 4212 Furniture and Home Furnishings......................... 2.6 -11.1 -2.2 -2.2 0.1 -0.3 -0.9 4213 Lumber & Other Construction Materials.................. 19.3 -10.2 7.3 7.3 4.3 -0.2 3.3 4214 Professional and Commercial Equipment and Supplies..... -11.6 9.9 2.2 2.2 2.1 -1.3 0.4 42143 Computer & Computer Peripheral Equipment and Software. -16.3 19.2 -1.8 -1.8 3.2 -2.1 -1.7 4215 Metals and Minerals, ex. Petroleum..................... 14.7 -8.1 -0.6 -0.6 -3.4 2.9 4.6 4216 Electrical Goods....................................... -1.5 -4.7 -0.5 -0.5 0.2 -1.0 -1.4 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 8.5 -7.1 -3.7 -3.7 2.3 2.5 -0.1 4218 Machinery, Equipment and Supplies...................... -5.5 10.9 0.5 0.5 -1.0 0.5 -7.9 4219 Miscellaneous Durable Goods............................ -4.7 -10.3 1.9 1.9 3.5 -1.1 -2.1 422 Nondurable Goods..................................... -0.6 3.1 10.5 10.5 0.0 2.6 2.2 4221 Paper and Paper Products............................... 2.5 0.6 1.6 1.6 -2.5 0.4 -3.6 4222 Drugs and Druggists' Sundries.......................... -0.5 5.2 7.9 7.9 0.6 7.1 1.8 4223 Apparel, Piece Goods, and Notions...................... 17.1 -21.9 -2.7 -2.7 3.8 3.7 -2.6 4224 Groceries and Related Products......................... -3.6 1.2 3.1 3.1 -0.6 -0.5 6.6 4225 Farm Product Raw Materials............................. -5.4 8.8 21.1 21.1 -2.6 -0.9 -10.8 4226 Chemicals and Allied Products.......................... 13.4 -2.8 4.6 4.6 1.7 -0.4 3.1 4227 Petroleum and Petroleum Products....................... 13.4 6.8 53.1 53.1 -1.1 18.3 15.1 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... -33.4 18.9 4.6 4.6 3.8 -10.0 9.6 4229 Miscellaneous Nondurable Goods......................... -0.1 3.7 -1.3 -1.3 -1.5 3.6 5.5
Monthly Wholesale Trade for February is scheduled to be released April 8, 2003 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: March 11, 2003
