For Wire Transmission 10:00 a.m. ET September 9, 2003 CB03-136
MONTHLY WHOLESALE TRADE: SALES AND INVENTORIES
JULY 2003
Sales
July 2003 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $238.7 billion, up 0.4 percent (+/-0.6%) from the revised June level, and were up 3.9 percent (+/-1.0%) from the July 2002 level. The June preliminary estimate was revised upward $0.2 billion or 0.1 percent. July sales of durable goods increased 0.4 percent (+/-1.0%) from last month and were up 1.4 percent (+/-1.3%) from a year ago. Compared to last month, sales of lumber and other construction materials increased 3.9 percent and sales of furniture and home furnishings increased 2.9 percent. July sales of nondurable goods increased 0.5 percent (+/-0.8%) from last month and were up 6.3 percent (+/-1.5%) from last year. Compared to last month, sales of beer, wine, and distilled alcoholic beverages were up 3.3 percent, while sales of farm product raw materials decreased 8.2 percent.Inventories
Total inventories of merchant wholesalers, after adjustment for seasonal variations but not for price changes, were $289.0 billion at the end of July, virtually unchanged (+/-0.4%) from last month, and were up 1.0 percent (+/-0.9%) from a year ago. The June preliminary estimate was revised downward $0.1 billion. End-of-month inventories of durable goods decreased 0.5 percent (+/-0.4%) from June, but were up 0.4 percent (+/-1.0%) from last year. Inventories of motor vehicle and motor vehicle parts and supplies decreased 2.1 percent from last month and inventories of metal and minerals decreased 1.3 percent. End-of-month inventories of nondurable goods increased 0.8 percent (+/-0.6%) from June and were up 1.9 percent (+/-1.9%) from last year. Inventories of drugs and druggists’ sundries increased 3.1 percent from June and inventories of groceries and related products increased 0.9 percent (+/-1.3%) from last month.Inventories/Sales Ratio
The July inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.21. The July 2002 ratio was 1.25.
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 Jul(p) Jun(r) Jul(r) code Sales, Total....................................... 238729 237735 229714 421 Durable Goods....................................... 113711 113292 112105 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 18105 18281 17727 4212 Furniture and Home furnishings......................... 3799 3691 3583 4213 Lumber & Other Construction Materials.................. 7517 7238 6354 4214 Professional and Commercial Equipment and Supplies..... 20771 20663 20570 42143 Computer & Computer Peripheral Equipment and Software. 9254 9254 9834 4215 Metals and Minerals, ex. Petroleum..................... 7399 7248 7743 4216 Electrical Goods....................................... 17890 17890 17524 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 5527 5505 5437 4218 Machinery, Equipment and Supplies...................... 19506 19218 18784 4219 Miscellaneous Durable Goods............................ 13197 13558 14383 422 Nondurable Goods..................................... 125018 124443 117609 4221 Paper and Paper Products............................... 6084 6145 6273 4222 Drugs and Druggists' Sundries.......................... 22337 21749 19173 4223 Apparel, Piece Goods, and Notions...................... 6877 6875 7653 4224 Groceries and Related Products......................... 36060 35856 34458 4225 Farm Product Raw Materials............................. 9655 10515 9365 4226 Chemicals and Allied Products.......................... 5379 5325 5100 4227 Petroleum and Petroleum Products....................... 17949 17632 14961 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7365 7133 6763 4229 Miscellaneous Nondurable Goods......................... 13312 13213 13863 Inventories, Total.................................. 289036 288919 286083 421 Durable Goods....................................... 173086 173928 172335 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 25211 25747 24099 4212 Furniture and Home furnishings......................... 5344 5394 5167 4213 Lumber & Other Construction Materials.................. 7208 7233 7036 4214 Professional and Commercial Equipment and Supplies..... 24163 23935 23750 42143 Computer & Computer Peripheral Equipment and Software. 7771 7753 8012 4215 Metals and Minerals, ex. Petroleum..................... 13093 13261 13081 4216 Electrical Goods....................................... 22674 22851 23159 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10483 10435 10201 4218 Machinery, Equipment and Supplies...................... 44838 45046 46600 4219 Miscellaneous Durable Goods............................ 20072 20026 19242 422 Nondurable Goods..................................... 115950 114991 113748 4221 Paper and Paper Products............................... 6234 6214 6125 4222 Drugs and Druggists' Sundries.......................... 31276 30347 27425 4223 Apparel, Piece Goods, and Notions...................... 12369 12403 12260 4224 Groceries and Related Products......................... 22082 21891 22727 4225 Farm Product Raw Materials............................. 9356 9597 10996 4226 Chemicals and Allied Products.......................... 6038 6006 5793 4227 Petroleum and Petroleum Products....................... 4389 4427 4385 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7605 7552 7087 4229 Miscellaneous Nondurable Goods......................... 16601 16554 16950 Inventories/Sales Ratios, Total...................... 1.21 1.22 1.25 421 Durable Goods....................................... 1.52 1.54 1.54 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.39 1.41 1.36 4212 Furniture and Home furnishings......................... 1.41 1.46 1.44 4213 Lumber & Other Construction Materials.................. 0.96 1.00 1.11 4214 Professional and Commercial Equipment and Supplies..... 1.16 1.16 1.15 42143 Computer & Computer Peripheral Equipment and Software. 0.84 0.84 0.81 4215 Metals and Minerals, ex. Petroleum..................... 1.77 1.83 1.69 4216 Electrical Goods....................................... 1.27 1.28 1.32 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.90 1.90 1.88 4218 Machinery, Equipment and Supplies...................... 2.30 2.34 2.48 4219 Miscellaneous Durable Goods............................ 1.52 1.48 1.34 422 Nondurable Goods..................................... 0.93 0.92 0.97 4221 Paper and Paper Products............................... 1.02 1.01 0.98 4222 Drugs and Druggists' Sundries.......................... 1.40 1.40 1.43 4223 Apparel, Piece Goods, and Notions...................... 1.80 1.80 1.60 4224 Groceries and Related Products......................... 0.61 0.61 0.66 4225 Farm Product Raw Materials............................. 0.97 0.91 1.17 4226 Chemicals and Allied Products.......................... 1.12 1.13 1.14 4227 Petroleum and Petroleum Products....................... 0.24 0.25 0.29 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.03 1.06 1.05 4229 Miscellaneous Nondurable Goods......................... 1.25 1.25 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 Jul Jun Jul Jul Jun Jul 2003 2003 2003 2003 2003 2003 from from from from from from Jun May Jul Jun May Jul 2003 2003 2002 2003 2003 2002 TOTAL.............................................. 0.4 1.6 3.9 0.0 0.0 1.0 421 Durable Goods....................................... 0.4 1.3 1.4 -0.5 -0.1 0.4 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... -1.0 2.3 2.1 -2.1 1.6 4.6 4212 Furniture and Home Furnishings......................... 2.9 1.1 6.0 -0.9 0.0 3.4 4213 Lumber & Other Construction Materials.................. 3.9 4.5 18.3 -0.3 -0.3 2.4 4214 Professional and Commercial Equipment and Supplies..... 0.5 0.6 1.0 1.0 0.5 1.7 42143 Computer & Computer Peripheral Equipment and Software. 0.0 0.1 -5.9 0.2 0.5 -3.0 4215 Metals and Minerals, ex. Petroleum..................... 2.1 -1.2 -4.4 -1.3 -0.7 0.1 4216 Electrical Goods....................................... 0.0 2.7 2.1 -0.8 -0.9 -2.1 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 0.4 1.1 1.7 0.5 -0.5 2.8 4218 Machinery, Equipment and Supplies...................... 1.5 1.8 3.8 -0.5 -0.8 -3.8 4219 Miscellaneous Durable Goods............................ -2.7 -1.2 -8.2 0.2 -0.3 4.3 422 Nondurable Goods..................................... 0.5 1.8 6.3 0.8 0.2 1.9 4221 Paper and Paper Products............................... -1.0 1.1 -3.0 0.3 0.2 1.8 4222 Drugs and Druggists' Sundries.......................... 2.7 0.6 16.5 3.1 -1.2 14.0 4223 Apparel, Piece Goods, and Notions...................... 0.0 -0.7 -10.1 -0.3 0.9 0.9 4224 Groceries and Related Products......................... 0.6 0.1 4.6 0.9 -0.4 -2.8 4225 Farm Product Raw Materials............................. -8.2 6.0 3.1 -2.5 2.5 -14.9 4226 Chemicals and Allied Products.......................... 1.0 1.6 5.5 0.5 0.5 4.2 4227 Petroleum and Petroleum Products....................... 1.8 7.1 20.0 -0.9 2.6 0.1 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 3.3 0.4 8.9 0.7 0.3 7.3 4229 Miscellaneous Nondurable Goods......................... 0.7 0.9 -4.0 0.3 1.0 -2.1 (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 2003 2002 2003 2002 NAICS Kind of business Jul(p) Jun(r) Jul(r) CUM CUM code Sales, Total....................................... 244232 240743 234510 1649779 1573241 421 Durable Goods....................................... 117186 117111 115094 778585 772282 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 18503 18592 18064 124845 122083 4212 Furniture and Home furnishings......................... 3871 3769 3626 25030 24791 4213 Lumber & Other Construction Materials.................. 8382 7774 7066 49902 47226 4214 Professional and Commercial Equipment and Supplies..... 21249 21737 20940 142665 139373 42143 Computer & Computer Peripheral Equipment and Software. 9374 9902 9962 63692 64703 4215 Metals and Minerals, ex. Petroleum..................... 7887 7480 8115 51285 52635 4216 Electrical Goods....................................... 18230 18087 17892 120260 120820 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 5814 5863 5731 38455 39088 4218 Machinery, Equipment and Supplies...................... 20013 20237 19291 132402 132163 4219 Miscellaneous Durable Goods............................ 13237 13572 14369 93741 94103 422 Nondurable Goods..................................... 127046 123632 119416 871194 800959 4221 Paper and Paper Products............................... 6157 6194 6348 42479 42205 4222 Drugs and Druggists' Sundries.......................... 22359 21423 19135 147359 132931 4223 Apparel, Piece Goods, and Notions...................... 7269 6593 7990 48259 52272 4224 Groceries and Related Products......................... 37502 35999 35905 247821 236399 4225 Farm Product Raw Materials............................. 8825 9453 8653 68875 60457 4226 Chemicals and Allied Products.......................... 5567 5463 5279 37852 36030 4227 Petroleum and Petroleum Products....................... 18021 17667 15185 134267 99404 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7954 7482 7169 48138 45417 4229 Miscellaneous Nondurable Goods......................... 13392 13358 13752 96144 95844 Inventories, Total.................................. 287704 286209 284385 421 Durable Goods....................................... 175117 174606 174439 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 24858 25412 23786 4212 Furniture and Home furnishings......................... 5526 5453 5348 4213 Lumber & Other Construction Materials.................. 7273 7399 7120 4214 Professional and Commercial Equipment and Supplies..... 24670 23791 24201 42143 Computer & Computer Peripheral Equipment and Software. 8074 7730 8292 4215 Metals and Minerals, ex. Petroleum..................... 13224 13221 13225 4216 Electrical Goods....................................... 23037 22942 23530 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10577 10560 10293 4218 Machinery, Equipment and Supplies...................... 45780 45902 47579 4219 Miscellaneous Durable Goods............................ 20172 19926 19357 422 Nondurable Goods..................................... 112587 111603 109946 4221 Paper and Paper Products............................... 6209 6214 6094 4222 Drugs and Druggists' Sundries.......................... 30619 29922 26931 4223 Apparel, Piece Goods, and Notions...................... 12888 12688 12763 4224 Groceries and Related Products......................... 21751 21628 22363 4225 Farm Product Raw Materials............................. 7298 7620 8456 4226 Chemicals and Allied Products.......................... 6086 6024 5851 4227 Petroleum and Petroleum Products....................... 4358 4303 4363 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7673 7643 7158 4229 Miscellaneous Nondurable Goods......................... 15705 15561 15967 Inventories/Sales Ratios, Total...................... 1.18 1.19 1.21 421 Durable Goods....................................... 1.49 1.49 1.52 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.34 1.37 1.32 4212 Furniture and Home furnishings......................... 1.43 1.45 1.47 4213 Lumber & Other Construction Materials.................. 0.87 0.95 1.01 4214 Professional and Commercial Equipment and Supplies..... 1.16 1.09 1.16 42143 Computer & Computer Peripheral Equipment and Software. 0.86 0.78 0.83 4215 Metals and Minerals, ex. Petroleum..................... 1.68 1.77 1.63 4216 Electrical Goods....................................... 1.26 1.27 1.32 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.82 1.80 1.80 4218 Machinery, Equipment and Supplies...................... 2.29 2.27 2.47 4219 Miscellaneous Durable Goods............................ 1.52 1.47 1.35 422 Nondurable Goods..................................... 0.89 0.90 0.92 4221 Paper and Paper Products............................... 1.01 1.00 0.96 4222 Drugs and Druggists' Sundries.......................... 1.37 1.40 1.41 4223 Apparel, Piece Goods, and Notions...................... 1.77 1.92 1.60 4224 Groceries and Related Products......................... 0.58 0.60 0.62 4225 Farm Product Raw Materials............................. 0.83 0.81 0.98 4226 Chemicals and Allied Products.......................... 1.09 1.10 1.11 4227 Petroleum and Petroleum Products....................... 0.24 0.24 0.29 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 0.96 1.02 1.00 4229 Miscellaneous Nondurable Goods......................... 1.17 1.16 1.16 (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 07 Months Jul Jun Jul 2003 Jul Jun Jul 2003 2003 2003 from 2003 2003 2003 from from from 07 from from from Jun May Jul Months Jun May Jul 2003 2003 2002 2002 2003 2003 2002 TOTAL.............................................. 1.4 1.8 4.1 4.9 0.5 0.1 1.2 421 Durable Goods....................................... 0.1 4.2 1.8 0.8 0.3 -0.2 0.4 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... -0.5 3.1 2.4 2.3 -2.2 0.5 4.5 4212 Furniture and Home Furnishings......................... 2.7 2.9 6.8 1.0 1.3 1.4 3.3 4213 Lumber & Other Construction Materials.................. 7.8 5.4 18.6 5.7 -1.7 -0.4 2.1 4214 Professional and Commercial Equipment and Supplies..... -2.2 8.5 1.5 2.4 3.7 1.0 1.9 42143 Computer & Computer Peripheral Equipment and Software. -5.3 13.6 -5.9 -1.6 4.5 0.4 -2.6 4215 Metals and Minerals, ex. Petroleum..................... 5.4 -0.7 -2.8 -2.6 0.0 -0.1 0.0 4216 Electrical Goods....................................... 0.8 6.6 1.9 -0.5 0.4 -0.3 -2.1 4217 Hardware, Plumbing and Heating Equipment and Supplies.. -0.8 3.0 1.4 -1.6 0.2 -0.8 2.8 4218 Machinery, Equipment and Supplies...................... -1.1 2.0 3.7 0.2 -0.3 -1.0 -3.8 4219 Miscellaneous Durable Goods............................ -2.5 2.1 -7.9 -0.4 1.2 -0.5 4.2 422 Nondurable Goods..................................... 2.8 -0.4 6.4 8.8 0.9 0.7 2.4 4221 Paper and Paper Products............................... -0.6 3.7 -3.0 0.6 -0.1 -1.7 1.9 4222 Drugs and Druggists' Sundries.......................... 4.4 0.8 16.8 10.9 2.3 1.1 13.7 4223 Apparel, Piece Goods, and Notions...................... 10.3 4.4 -9.0 -7.7 1.6 6.4 1.0 4224 Groceries and Related Products......................... 4.2 -3.5 4.4 4.8 0.6 0.5 -2.7 4225 Farm Product Raw Materials............................. -6.6 2.7 2.0 13.9 -4.2 -3.8 -13.7 4226 Chemicals and Allied Products.......................... 1.9 -0.1 5.5 5.1 1.0 -0.4 4.0 4227 Petroleum and Petroleum Products....................... 2.0 2.4 18.7 35.1 1.3 3.9 -0.1 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 6.3 -0.1 10.9 6.0 0.4 1.0 7.2 4229 Miscellaneous Nondurable Goods......................... 0.3 -3.9 -2.6 0.3 0.9 -1.6 -1.6
Monthly Wholesale Trade for August is scheduled to be released October 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: September 9, 2003
