For Wire Transmission 10:00 a.m. ET July 9, 2004 CB04-111
MONTHLY WHOLESALE TRADE: SALES AND INVENTORIES
MAY 2004
Sales
May 2004 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $270.4 billion, up 0.5 percent (+/-0.7%) from the revised April level, and were up 16.1 percent (+/-1.2%) from the May 2003 level. The April preliminary estimate was revised upward $0.3 billion or 0.1 percent. May sales of durable goods increased 0.1 percent (+/-0.8%) from last month, and were up 19.3 percent (+/-1.3%) from a year ago. Compared to last month, sales of electrical goods increased 3.9 percent and sales of lumber and other construction materials were up 2.5 percent. May sales of nondurable goods increased 0.9 percent (+/-0.8%) from last month, and were up 13.2 percent (+/-1.7%) from last year. Sales of petroleum and petroleum products were up 6.9 percent from last month and sales of beer, wine, and distilled alcoholic beverages increased 2.4 percent.Inventories
Total inventories of merchant wholesalers, after adjustment for seasonal variations but not for price changes, were $305.5 billion at the end of May, up 1.2 percent (+/-0.3%) from last month, and were up 5.6 percent (+/-1.5%) from a year ago. The April preliminary estimate was revised upward $0.8 billion or 0.3 percent. End-of-month inventories of durable goods increased 1.5 percent (+/-0.5%) from April, and were up 6.4 percent (+/-1.0%) from last year. Inventories of lumber and other construction materials increased 6.4 percent from last month and inventories of metals and minerals, except petroleum increased 5.6 percent. End-of-month inventories of nondurable goods increased 0.6 percent (+/-0.7%) from April, and were up 4.4 percent (+/-3.1%) from last year. Inventories of drugs and druggists’ sundries increased 1.6 percent from last month.Inventories/Sales Ratio
The May inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.13. The May 2003 ratio was 1.24.
TABLE 1A. ADJUSTED ESTIMATED MONTHLY SALES, INVENTORIES, AND INVENTORIES/SALES RATIOS OF MERCHANT WHOLESALERS: 2004 AND 2003 (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.) 2004 2004 2003 NAICS Kind of business May(p) Apr(r) May(r) code Sales, Total....................................... 270402 269017 232952 421 Durable Goods....................................... 132353 132237 110974 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 19998 20076 18110 4212 Furniture and Home Furnishings......................... 4165 4049 3695 4213 Lumber & Other Construction Materials.................. 10034 9786 6653 4214 Professional and Commercial Equipment and Supplies..... 22319 22231 20846 42143 Computer & Computer Peripheral Equipment and Software. 10313 10350 8982 4215 Metals and Minerals, ex. Petroleum..................... 10687 10923 7364 4216 Electrical Goods....................................... 21009 20211 16588 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 5901 5920 5437 4218 Machinery, Equipment and Supplies...................... 22027 22348 18779 4219 Miscellaneous Durable Goods............................ 16213 16693 13502 422 Nondurable Goods..................................... 138049 136780 121978 4221 Paper and Paper Products............................... 6784 6727 6357 4222 Drugs and Druggists' Sundries.......................... 23998 23666 21559 4223 Apparel, Piece Goods, and Notions...................... 7477 7362 7034 4224 Groceries and Related Products......................... 35187 35390 35044 4225 Farm Product Raw Materials............................. 11991 12638 9617 4226 Chemicals and Allied Products.......................... 5452 5510 5188 4227 Petroleum and Petroleum Products....................... 23731 22202 16378 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7427 7252 6884 4229 Miscellaneous Nondurable Goods......................... 16002 16033 13917 Inventories, Total.................................. 305511 301989 289247 421 Durable Goods....................................... 185031 182236 173864 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 27035 26749 25259 4212 Furniture and Home Furnishings......................... 5872 5914 5640 4213 Lumber & Other Construction Materials.................. 9973 9373 7494 4214 Professional and Commercial Equipment and Supplies..... 24371 24145 23857 42143 Computer & Computer Peripheral Equipment and Software. 7165 7241 7366 4215 Metals and Minerals, ex. Petroleum..................... 17266 16350 13346 4216 Electrical Goods....................................... 23480 23206 22149 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10600 10363 10398 4218 Machinery, Equipment and Supplies...................... 44759 44565 45581 4219 Miscellaneous Durable Goods............................ 21675 21571 20140 422 Nondurable Goods..................................... 120480 119753 115383 4221 Paper and Paper Products............................... 6509 6522 6348 4222 Drugs and Druggists' Sundries.......................... 30540 30072 31463 4223 Apparel, Piece Goods, and Notions...................... 11965 11928 12387 4224 Groceries and Related Products......................... 22836 22600 21477 4225 Farm Product Raw Materials............................. 13134 13603 10019 4226 Chemicals and Allied Products.......................... 5850 5832 5978 4227 Petroleum and Petroleum Products....................... 4855 4772 4365 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7651 7601 7497 4229 Miscellaneous Nondurable Goods......................... 17140 16823 15849 Inventories/Sales Ratios, Total...................... 1.13 1.12 1.24 421 Durable Goods....................................... 1.40 1.38 1.57 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.35 1.33 1.39 4212 Furniture and Home Furnishings......................... 1.41 1.46 1.53 4213 Lumber & Other Construction Materials.................. 0.99 0.96 1.13 4214 Professional and Commercial Equipment and Supplies..... 1.09 1.09 1.14 42143 Computer & Computer Peripheral Equipment and Software. 0.69 0.70 0.82 4215 Metals and Minerals, ex. Petroleum..................... 1.62 1.50 1.81 4216 Electrical Goods....................................... 1.12 1.15 1.34 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.80 1.75 1.91 4218 Machinery, Equipment and Supplies...................... 2.03 1.99 2.43 4219 Miscellaneous Durable Goods............................ 1.34 1.29 1.49 422 Nondurable Goods..................................... 0.87 0.88 0.95 4221 Paper and Paper Products............................... 0.96 0.97 1.00 4222 Drugs and Druggists' Sundries.......................... 1.27 1.27 1.46 4223 Apparel, Piece Goods, and Notions...................... 1.60 1.62 1.76 4224 Groceries and Related Products......................... 0.65 0.64 0.61 4225 Farm Product Raw Materials............................. 1.10 1.08 1.04 4226 Chemicals and Allied Products.......................... 1.07 1.06 1.15 4227 Petroleum and Petroleum Products....................... 0.20 0.21 0.27 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.03 1.05 1.09 4229 Miscellaneous Nondurable Goods......................... 1.07 1.05 1.14 (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY 1992-DECEMBER 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 May Apr May May Apr May 2004 2004 2004 2004 2004 2004 from from from from from from Apr Mar May Apr Mar May 2004 2004 2003 2004 2004 2003 TOTAL.............................................. 0.5 0.9 16.1 1.2 0.2 5.6 421 Durable Goods....................................... 0.1 1.5 19.3 1.5 0.4 6.4 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... -0.4 0.7 10.4 1.1 -0.8 7.0 4212 Furniture and Home Furnishings......................... 2.9 1.4 12.7 -0.7 -0.7 4.1 4213 Lumber & Other Construction Materials.................. 2.5 4.5 50.8 6.4 4.8 33.1 4214 Professional and Commercial Equipment and Supplies..... 0.4 -1.1 7.1 0.9 -0.6 2.2 42143 Computer & Computer Peripheral Equipment and Software. -0.4 -0.1 14.8 -1.0 -1.5 -2.7 4215 Metals and Minerals, ex. Petroleum..................... -2.2 3.0 45.1 5.6 2.2 29.4 4216 Electrical Goods....................................... 3.9 4.3 26.7 1.2 1.1 6.0 4217 Hardware, Plumbing and Heating Equipment and Supplies.. -0.3 -0.1 8.5 2.3 0.3 1.9 4218 Machinery, Equipment and Supplies...................... -1.4 0.0 17.3 0.4 0.1 -1.8 4219 Miscellaneous Durable Goods............................ -2.9 2.5 20.1 0.5 -0.3 7.6 422 Nondurable Goods..................................... 0.9 0.4 13.2 0.6 0.0 4.4 4221 Paper and Paper Products............................... 0.8 1.8 6.7 -0.2 -0.8 2.5 4222 Drugs and Druggists' Sundries.......................... 1.4 0.7 11.3 1.6 -2.4 -2.9 4223 Apparel, Piece Goods, and Notions...................... 1.6 -0.3 6.3 0.3 -1.2 -3.4 4224 Groceries and Related Products......................... -0.6 -1.4 0.4 1.0 1.1 6.3 4225 Farm Product Raw Materials............................. -5.1 2.9 24.7 -3.4 -0.4 31.1 4226 Chemicals and Allied Products.......................... -1.1 -0.6 5.1 0.3 0.3 -2.1 4227 Petroleum and Petroleum Products....................... 6.9 -0.6 44.9 1.7 0.0 11.2 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 2.4 3.0 7.9 0.7 2.3 2.1 4229 Miscellaneous Nondurable Goods......................... -0.2 2.7 15.0 1.9 3.6 8.1 (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: 2004 AND 2003 (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.) 2004 2004 2003 2004 2003 NAICS Kind of business May(p) Apr(r) May(r) CUM CUM code Sales, Total....................................... 266353 274314 236074 1308731 1161490 421 Durable Goods....................................... 129637 135327 112123 631989 542522 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 19458 21281 18291 97092 89307 4212 Furniture and Home Furnishings......................... 4023 4085 3695 19511 17648 4213 Lumber & Other Construction Materials.................. 10295 10363 7119 45537 32595 4214 Professional and Commercial Equipment and Supplies..... 21091 21408 20221 107978 100553 42143 Computer & Computer Peripheral Equipment and Software. 9591 9760 8524 49241 43408 4215 Metals and Minerals, ex. Petroleum..................... 10612 11557 7614 50759 36185 4216 Electrical Goods....................................... 20211 19989 16455 95685 81790 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 6001 6228 5714 28973 26824 4218 Machinery, Equipment and Supplies...................... 22446 23823 19755 108423 91660 4219 Miscellaneous Durable Goods............................ 15500 16593 13259 78031 65960 422 Nondurable Goods..................................... 136716 138987 123951 676742 618968 4221 Paper and Paper Products............................... 6519 6660 6249 32502 31529 4222 Drugs and Druggists' Sundries.......................... 22750 23784 21171 115508 103291 4223 Apparel, Piece Goods, and Notions...................... 6610 6861 6422 36236 34943 4224 Groceries and Related Products......................... 36137 35532 36481 174635 170393 4225 Farm Product Raw Materials............................. 10720 12322 8973 60616 49315 4226 Chemicals and Allied Products.......................... 5403 5714 5359 27811 26295 4227 Petroleum and Petroleum Products....................... 24206 23357 17115 115386 97202 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7457 7201 7290 33514 31827 4229 Miscellaneous Nondurable Goods......................... 16914 17556 14891 80534 74173 Inventories, Total.................................. 302383 302425 286462 421 Durable Goods....................................... 186693 184345 175222 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 27089 27391 25284 4212 Furniture and Home Furnishings......................... 5872 5813 5634 4213 Lumber & Other Construction Materials.................. 10312 9682 7734 4214 Professional and Commercial Equipment and Supplies..... 24079 24242 23571 42143 Computer & Computer Peripheral Equipment and Software. 7158 7437 7337 4215 Metals and Minerals, ex. Petroleum..................... 17439 16432 13426 4216 Electrical Goods....................................... 23621 23183 22238 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10791 10508 10575 4218 Machinery, Equipment and Supplies...................... 45923 45545 46721 4219 Miscellaneous Durable Goods............................ 21567 21549 20039 422 Nondurable Goods..................................... 115690 118080 111240 4221 Paper and Paper Products............................... 6613 6607 6462 4222 Drugs and Druggists' Sundries.......................... 29318 29801 30173 4223 Apparel, Piece Goods, and Notions...................... 11654 11332 12077 4224 Groceries and Related Products......................... 22448 22261 21112 4225 Farm Product Raw Materials............................. 10993 13372 8416 4226 Chemicals and Allied Products.......................... 5926 5826 6056 4227 Petroleum and Petroleum Products....................... 4549 4490 4116 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7666 7669 7534 4229 Miscellaneous Nondurable Goods......................... 16523 16722 15294 Inventories/Sales Ratios, Total...................... 1.14 1.10 1.21 421 Durable Goods....................................... 1.44 1.36 1.56 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.39 1.29 1.38 4212 Furniture and Home Furnishings......................... 1.46 1.42 1.52 4213 Lumber & Other Construction Materials.................. 1.00 0.93 1.09 4214 Professional and Commercial Equipment and Supplies..... 1.14 1.13 1.17 42143 Computer & Computer Peripheral Equipment and Software. 0.75 0.76 0.86 4215 Metals and Minerals, ex. Petroleum..................... 1.64 1.42 1.76 4216 Electrical Goods....................................... 1.17 1.16 1.35 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.80 1.69 1.85 4218 Machinery, Equipment and Supplies...................... 2.05 1.91 2.37 4219 Miscellaneous Durable Goods............................ 1.39 1.30 1.51 422 Nondurable Goods..................................... 0.85 0.85 0.90 4221 Paper and Paper Products............................... 1.01 0.99 1.03 4222 Drugs and Druggists' Sundries.......................... 1.29 1.25 1.43 4223 Apparel, Piece Goods, and Notions...................... 1.76 1.65 1.88 4224 Groceries and Related Products......................... 0.62 0.63 0.58 4225 Farm Product Raw Materials............................. 1.03 1.09 0.94 4226 Chemicals and Allied Products.......................... 1.10 1.02 1.13 4227 Petroleum and Petroleum Products....................... 0.19 0.19 0.24 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.03 1.06 1.03 4229 Miscellaneous Nondurable Goods......................... 0.98 0.95 1.03 (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY 1992-DECEMBER 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 05 Months May Apr May 2004 May Apr May 2004 2004 2004 from 2004 2004 2004 from from from 05 from from from Apr Mar May Months Apr Mar May 2004 2004 2003 2003 2004 2004 2003 TOTAL.............................................. -2.9 -5.0 12.8 12.7 0.0 -0.5 5.6 421 Durable Goods....................................... -4.2 -4.9 15.6 16.5 1.3 1.0 6.5 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... -8.6 -3.1 6.4 8.7 -1.1 -1.4 7.1 4212 Furniture and Home Furnishings......................... -1.5 -3.9 8.9 10.6 1.0 -0.3 4.2 4213 Lumber & Other Construction Materials.................. -0.7 3.5 44.6 39.7 6.5 4.4 33.3 4214 Professional and Commercial Equipment and Supplies..... -1.5 -13.7 4.3 7.4 -0.7 1.1 2.2 42143 Computer & Computer Peripheral Equipment and Software. -1.7 -14.6 12.5 13.4 -3.8 3.3 -2.4 4215 Metals and Minerals, ex. Petroleum..................... -8.2 1.1 39.4 40.3 6.1 1.6 29.9 4216 Electrical Goods....................................... 1.1 -3.9 22.8 17.0 1.9 3.1 6.2 4217 Hardware, Plumbing and Heating Equipment and Supplies.. -3.6 -2.4 5.0 8.0 2.7 0.2 2.0 4218 Machinery, Equipment and Supplies...................... -5.8 -3.9 13.6 18.3 0.8 0.7 -1.7 4219 Miscellaneous Durable Goods............................ -6.6 -6.9 16.9 18.3 0.1 1.2 7.6 422 Nondurable Goods..................................... -1.6 -5.1 10.3 9.3 -2.0 -2.8 4.0 4221 Paper and Paper Products............................... -2.1 -6.9 4.3 3.1 0.1 0.6 2.3 4222 Drugs and Druggists' Sundries.......................... -4.3 -6.9 7.5 11.8 -1.6 -5.2 -2.8 4223 Apparel, Piece Goods, and Notions...................... -3.7 -20.7 2.9 3.7 2.8 -1.8 -3.5 4224 Groceries and Related Products......................... 1.7 -6.2 -0.9 2.5 0.8 -0.1 6.3 4225 Farm Product Raw Materials............................. -13.0 -5.7 19.5 22.9 -17.8 -10.8 30.6 4226 Chemicals and Allied Products.......................... -5.4 -5.6 0.8 5.8 1.7 0.1 -2.1 4227 Petroleum and Petroleum Products....................... 3.6 -2.3 41.4 18.7 1.3 -5.1 10.5 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 3.6 0.7 2.3 5.3 0.0 4.7 1.8 4229 Miscellaneous Nondurable Goods......................... -3.7 2.7 13.6 8.6 -1.2 -0.6 8.0
Monthly Wholesale Trade for June is scheduled to be released August 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: July 9, 2004
