For Wire Transmission 10:00 a.m. ET August 7, 2003 CB03-120
MONTHLY WHOLESALE TRADE: SALES AND INVENTORIES
JUNE 2003
Sales
June 2003 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $237.5 billion, up 1.5 percent (+/-0.6%) from the revised May level, and were up 3.9 percent (+/-1.0%) from the June 2002 level. The May preliminary estimate was revised upward $0.6 billion or 0.3 percent. June sales of durable goods increased 1.1 percent (+/-1.0%) from last month and were up 0.6 percent (+/-1.3%) from a year ago. Compared to last month, sales of lumber and other construction materials increased 3.1 percent and sales of electrical goods increased 2.9 percent. June sales of nondurable goods increased 1.8 percent (+/-0.8%) from last month and were up 7.1 percent (+/-1.4%) from last year. Compared to last month, sales of petroleum and petroleum products were up 7.3 percent and sales of farm product raw materials increased 6.2 percent.Total inventories of merchant wholesalers, after adjustment for seasonal variations but not for price changes, were $289.0 billion at the end of June, virtually unchanged from last month, and were up 1.8 percent (+/-0.9%) from a year ago. The May preliminary estimate was revised downward $0.4 billion or 0.1 percent. Among durable goods, inventories of motor vehicle and motor vehicle parts and supplies increased 1.9 percent from last month. Among nondurable goods, inventories of drugs and druggists’ sundries decreased 1.1 percent from last month.
InventoriesThe June inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.22. The June 2002 ratio was 1.24.
Inventories/Sales Ratio
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 Jun(p) May(r) Jun(r) code Sales, Total....................................... 237523 234049 228575 421 Durable Goods....................................... 113038 111785 112312 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 18266 17876 17591 4212 Furniture and Home furnishings......................... 3665 3652 3712 4213 Lumber & Other Construction Materials.................. 7137 6925 6553 4214 Professional and Commercial Equipment and Supplies..... 20566 20548 20957 42143 Computer & Computer Peripheral Equipment and Software. 9265 9247 10041 4215 Metals and Minerals, ex. Petroleum..................... 7203 7333 7755 4216 Electrical Goods....................................... 17918 17414 17553 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 5478 5443 5415 4218 Machinery, Equipment and Supplies...................... 19135 18873 18873 4219 Miscellaneous Durable Goods............................ 13670 13721 13903 422 Nondurable Goods..................................... 124485 122264 116263 4221 Paper and Paper Products............................... 6106 6080 6154 4222 Drugs and Druggists' Sundries.......................... 21685 21611 19545 4223 Apparel, Piece Goods, and Notions...................... 6875 6923 7548 4224 Groceries and Related Products......................... 36010 35815 34132 4225 Farm Product Raw Materials............................. 10542 9922 8909 4226 Chemicals and Allied Products.......................... 5316 5241 5096 4227 Petroleum and Petroleum Products....................... 17672 16470 14719 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7098 7106 6787 4229 Miscellaneous Nondurable Goods......................... 13181 13096 13373 Inventories, Total.................................. 289049 288962 283920 421 Durable Goods....................................... 174098 174170 171122 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 25822 25342 23640 4212 Furniture and Home furnishings......................... 5395 5395 5107 4213 Lumber & Other Construction Materials.................. 7256 7254 7060 4214 Professional and Commercial Equipment and Supplies..... 23836 23805 23823 42143 Computer & Computer Peripheral Equipment and Software. 7723 7715 8172 4215 Metals and Minerals, ex. Petroleum..................... 13301 13351 12824 4216 Electrical Goods....................................... 22932 23058 22893 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10417 10484 10123 4218 Machinery, Equipment and Supplies...................... 45109 45389 46221 4219 Miscellaneous Durable Goods............................ 20030 20092 19431 422 Nondurable Goods..................................... 114951 114792 112798 4221 Paper and Paper Products............................... 6203 6204 6231 4222 Drugs and Druggists' Sundries.......................... 30402 30728 27723 4223 Apparel, Piece Goods, and Notions...................... 12427 12291 12106 4224 Groceries and Related Products......................... 21911 21988 22586 4225 Farm Product Raw Materials............................. 9560 9366 10359 4226 Chemicals and Allied Products.......................... 5989 5975 5912 4227 Petroleum and Petroleum Products....................... 4394 4314 4351 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7513 7528 7049 4229 Miscellaneous Nondurable Goods......................... 16552 16398 16481 Inventories/Sales Ratios, Total...................... 1.22 1.23 1.24 421 Durable Goods....................................... 1.54 1.56 1.52 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.41 1.42 1.34 4212 Furniture and Home furnishings......................... 1.47 1.48 1.38 4213 Lumber & Other Construction Materials.................. 1.02 1.05 1.08 4214 Professional and Commercial Equipment and Supplies..... 1.16 1.16 1.14 42143 Computer & Computer Peripheral Equipment and Software. 0.83 0.83 0.81 4215 Metals and Minerals, ex. Petroleum..................... 1.85 1.82 1.65 4216 Electrical Goods....................................... 1.28 1.32 1.30 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.90 1.93 1.87 4218 Machinery, Equipment and Supplies...................... 2.36 2.40 2.45 4219 Miscellaneous Durable Goods............................ 1.47 1.46 1.40 422 Nondurable Goods..................................... 0.92 0.94 0.97 4221 Paper and Paper Products............................... 1.02 1.02 1.01 4222 Drugs and Druggists' Sundries.......................... 1.40 1.42 1.42 4223 Apparel, Piece Goods, and Notions...................... 1.81 1.78 1.60 4224 Groceries and Related Products......................... 0.61 0.61 0.66 4225 Farm Product Raw Materials............................. 0.91 0.94 1.16 4226 Chemicals and Allied Products.......................... 1.13 1.14 1.16 4227 Petroleum and Petroleum Products....................... 0.25 0.26 0.30 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.06 1.06 1.04 4229 Miscellaneous Nondurable Goods......................... 1.26 1.25 1.23 (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 Jun May Jun Jun May Jun 2003 2003 2003 2003 2003 2003 from from from from from from May Apr Jun May Apr Jun 2003 2003 2002 2003 2003 2002 TOTAL.............................................. 1.5 -0.2 3.9 0.0 -0.4 1.8 421 Durable Goods....................................... 1.1 -0.1 0.6 0.0 -0.5 1.7 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 2.2 0.2 3.8 1.9 -0.8 9.2 4212 Furniture and Home Furnishings......................... 0.4 2.0 -1.3 0.0 -0.4 5.6 4213 Lumber & Other Construction Materials.................. 3.1 1.0 8.9 0.0 -0.5 2.8 4214 Professional and Commercial Equipment and Supplies..... 0.1 -1.8 -1.9 0.1 1.5 0.1 42143 Computer & Computer Peripheral Equipment and Software. 0.2 -3.6 -7.7 0.1 2.6 -5.5 4215 Metals and Minerals, ex. Petroleum..................... -1.8 0.5 -7.1 -0.4 -1.4 3.7 4216 Electrical Goods....................................... 2.9 -0.5 2.1 -0.5 -1.5 0.2 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 0.6 0.1 1.2 -0.6 -0.9 2.9 4218 Machinery, Equipment and Supplies...................... 1.4 1.4 1.4 -0.6 -0.4 -2.4 4219 Miscellaneous Durable Goods............................ -0.4 -1.2 -1.7 -0.3 -0.5 3.1 422 Nondurable Goods..................................... 1.8 -0.4 7.1 0.1 -0.3 1.9 4221 Paper and Paper Products............................... 0.4 -0.6 -0.8 0.0 -0.3 -0.4 4222 Drugs and Druggists' Sundries.......................... 0.3 2.0 10.9 -1.1 0.7 9.7 4223 Apparel, Piece Goods, and Notions...................... -0.7 0.1 -8.9 1.1 -0.8 2.7 4224 Groceries and Related Products......................... 0.5 0.2 5.5 -0.4 -1.5 -3.0 4225 Farm Product Raw Materials............................. 6.2 0.3 18.3 2.1 0.7 -7.7 4226 Chemicals and Allied Products.......................... 1.4 -1.8 4.3 0.2 0.3 1.3 4227 Petroleum and Petroleum Products....................... 7.3 -1.8 20.1 1.9 3.6 1.0 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... -0.1 0.6 4.6 -0.2 0.6 6.6 4229 Miscellaneous Nondurable Goods......................... 0.6 -4.1 -1.4 0.9 -2.1 0.4 (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 Jun(p) May(r) Jun(r) CUM CUM code Sales, Total....................................... 241022 236593 226370 1405826 1338731 421 Durable Goods....................................... 117145 112425 113159 661433 657188 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 18595 18037 17573 106345 104019 4212 Furniture and Home furnishings......................... 3782 3663 3660 21172 21165 4213 Lumber & Other Construction Materials.................. 7772 7375 6907 41518 40160 4214 Professional and Commercial Equipment and Supplies..... 21718 20034 21502 121397 118433 42143 Computer & Computer Peripheral Equipment and Software. 9895 8720 10463 54311 54741 4215 Metals and Minerals, ex. Petroleum..................... 7484 7531 7848 43402 44520 4216 Electrical Goods....................................... 18061 16961 17325 102004 102928 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 5867 5693 5615 32645 33357 4218 Machinery, Equipment and Supplies...................... 20264 19835 19062 112416 112872 4219 Miscellaneous Durable Goods............................ 13602 13296 13667 80534 79734 422 Nondurable Goods..................................... 123877 124168 113211 744393 681543 4221 Paper and Paper Products............................... 6118 5971 5994 36246 35857 4222 Drugs and Druggists' Sundries.......................... 21425 21244 18607 125002 113796 4223 Apparel, Piece Goods, and Notions...................... 6586 6314 7148 40983 44282 4224 Groceries and Related Products......................... 36226 37319 33654 210546 200494 4225 Farm Product Raw Materials............................. 9467 9208 7911 60064 51804 4226 Chemicals and Allied Products.......................... 5470 5466 5116 32292 30751 4227 Petroleum and Petroleum Products....................... 17725 17261 14351 116304 84219 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7481 7490 6950 40183 38248 4229 Miscellaneous Nondurable Goods......................... 13379 13895 13480 82773 82092 Inventories, Total.................................. 286153 285816 281019 421 Durable Goods....................................... 174592 174969 171765 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 25409 25291 23285 4212 Furniture and Home furnishings......................... 5449 5379 5158 4213 Lumber & Other Construction Materials.................. 7387 7428 7208 4214 Professional and Commercial Equipment and Supplies..... 23764 23567 23704 42143 Computer & Computer Peripheral Equipment and Software. 7715 7700 8115 4215 Metals and Minerals, ex. Petroleum..................... 13234 13231 12786 4216 Electrical Goods....................................... 22955 23012 22916 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10563 10641 10275 4218 Machinery, Equipment and Supplies...................... 45921 46388 47099 4219 Miscellaneous Durable Goods............................ 19910 20032 19334 422 Nondurable Goods..................................... 111561 110847 109254 4221 Paper and Paper Products............................... 6215 6322 6231 4222 Drugs and Druggists' Sundries.......................... 29976 29591 27363 4223 Apparel, Piece Goods, and Notions...................... 12700 11922 12360 4224 Groceries and Related Products......................... 21648 21526 22338 4225 Farm Product Raw Materials............................. 7610 7924 8184 4226 Chemicals and Allied Products.......................... 6007 6047 5930 4227 Petroleum and Petroleum Products....................... 4258 4141 4238 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7588 7566 7134 4229 Miscellaneous Nondurable Goods......................... 15559 15808 15476 Inventories/Sales Ratios, Total...................... 1.19 1.21 1.24 421 Durable Goods....................................... 1.49 1.56 1.52 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.37 1.40 1.33 4212 Furniture and Home furnishings......................... 1.44 1.47 1.41 4213 Lumber & Other Construction Materials.................. 0.95 1.01 1.04 4214 Professional and Commercial Equipment and Supplies..... 1.09 1.18 1.10 42143 Computer & Computer Peripheral Equipment and Software. 0.78 0.88 0.78 4215 Metals and Minerals, ex. Petroleum..................... 1.77 1.76 1.63 4216 Electrical Goods....................................... 1.27 1.36 1.32 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.80 1.87 1.83 4218 Machinery, Equipment and Supplies...................... 2.27 2.34 2.47 4219 Miscellaneous Durable Goods............................ 1.46 1.51 1.41 422 Nondurable Goods..................................... 0.90 0.89 0.97 4221 Paper and Paper Products............................... 1.02 1.06 1.04 4222 Drugs and Druggists' Sundries.......................... 1.40 1.39 1.47 4223 Apparel, Piece Goods, and Notions...................... 1.93 1.89 1.73 4224 Groceries and Related Products......................... 0.60 0.58 0.66 4225 Farm Product Raw Materials............................. 0.80 0.86 1.03 4226 Chemicals and Allied Products.......................... 1.10 1.11 1.16 4227 Petroleum and Petroleum Products....................... 0.24 0.24 0.30 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.01 1.01 1.03 4229 Miscellaneous Nondurable Goods......................... 1.16 1.14 1.15 (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 06 Months Jun May Jun 2003 Jun May Jun 2003 2003 2003 from 2003 2003 2003 from from from 06 from from from May Apr Jun Months May Apr Jun 2003 2003 2002 2002 2003 2003 2002 TOTAL.............................................. 1.9 -0.9 6.5 5.0 0.1 -1.7 1.8 421 Durable Goods....................................... 4.2 -0.9 3.5 0.6 -0.2 -1.1 1.6 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 3.1 -4.4 5.8 2.2 0.5 -2.9 9.1 4212 Furniture and Home Furnishings......................... 3.2 2.9 3.3 0.0 1.3 1.5 5.6 4213 Lumber & Other Construction Materials.................. 5.4 1.6 12.5 3.4 -0.6 -1.3 2.5 4214 Professional and Commercial Equipment and Supplies..... 8.4 -1.1 1.0 2.5 0.8 -0.6 0.3 42143 Computer & Computer Peripheral Equipment and Software. 13.5 -3.9 -5.4 -0.8 0.2 0.2 -4.9 4215 Metals and Minerals, ex. Petroleum..................... -0.6 0.1 -4.6 -2.5 0.0 -1.8 3.5 4216 Electrical Goods....................................... 6.5 -2.0 4.2 -0.9 -0.2 -1.0 0.2 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 3.1 0.9 4.5 -2.1 -0.7 -1.3 2.8 4218 Machinery, Equipment and Supplies...................... 2.2 1.8 6.3 -0.4 -1.0 -0.3 -2.5 4219 Miscellaneous Durable Goods............................ 2.3 -2.3 -0.5 1.0 -0.6 -1.3 3.0 422 Nondurable Goods..................................... -0.2 -0.8 9.4 9.2 0.6 -2.6 2.1 4221 Paper and Paper Products............................... 2.5 -1.6 2.1 1.1 -1.7 0.2 -0.3 4222 Drugs and Druggists' Sundries.......................... 0.9 -1.3 15.1 9.8 1.3 -3.0 9.5 4223 Apparel, Piece Goods, and Notions...................... 4.3 -5.2 -7.9 -7.4 6.5 1.1 2.8 4224 Groceries and Related Products......................... -2.9 4.8 7.6 5.0 0.6 -1.6 -3.1 4225 Farm Product Raw Materials............................. 2.8 -6.4 19.7 15.9 -4.0 -11.4 -7.0 4226 Chemicals and Allied Products.......................... 0.1 -0.5 6.9 5.0 -0.7 1.2 1.3 4227 Petroleum and Petroleum Products....................... 2.7 -4.4 23.5 38.1 2.8 1.6 0.5 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... -0.1 6.0 7.6 5.1 0.3 0.0 6.4 4229 Miscellaneous Nondurable Goods......................... -3.7 -6.5 -0.7 0.8 -1.6 -5.9 0.5
Monthly Wholesale Trade for July is scheduled to be released September 9, 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: August 7, 2003
