For Wire Transmission 10:00 a.m. ET August 9, 2004 CB04-133
MONTHLY WHOLESALE TRADE: SALES AND INVENTORIES
JUNE 2004
Sales
June 2004 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $269.7 billion, virtually unchanged (+/-0.7%) from the revised May level, but were up 14.0 percent (+/-1.2%) from the June 2003 level. The May preliminary estimate was revised downward $0.6 billion or 0.2 percent. June sales of durable goods increased 0.5 percent (+/-1.0%) from last month, and were up 18.1 percent (+/-1.3%) from a year ago. June sales of nondurable goods decreased 0.6 percent (+/-0.8%) from last month, but were up 10.3 percent (+/-1.7%) from last year. Compared to last month, sales of chemicals and allied products were up 3.1 percent, while sales of farm products raw materials decreased 4.8 percent.Inventories
Total inventories of merchant wholesalers, after adjustment for seasonal variations but not for price changes, were $309.5 billion at the end of June, up 1.1 percent (+/-0.3%) from last month, and were up 7.1 percent (+/-1.5%) from a year ago. The May preliminary estimate was revised upward $0.7 billion or 0.2 percent. End-of-month inventories of durable goods increased 1.4 percent (+/-0.5%) from May, and were up 8.6 percent (+/-1.2%) from last year. Inventories of computer and computer peripheral equipment and supplies increased 5.0 percent from last month and inventories of metals and minerals, except petroleum increased 2.7 percent. End-of-month inventories of nondurable goods increased 0.6 percent (+/-0.7%) from May, and were up 5.0 percent (+/-3.0%) from last year. Inventories of paper and paper products increased 4.8 percent from last month and petroleum and petroleum products were up 4.2 percent.Inventories/Sales Ratio
The June inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.15. The June 2003 ratio was 1.22.
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 Jun(p) May(r) Jun(r) code Sales, Total....................................... 269728 269823 236636 421 Durable Goods....................................... 133014 132303 112634 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 20185 19986 18464 4212 Furniture and Home Furnishings......................... 4075 4165 3738 4213 Lumber & Other Construction Materials.................. 9844 9897 7009 4214 Professional and Commercial Equipment and Supplies..... 22742 22374 20776 42143 Computer & Computer Peripheral Equipment and Software. 10489 10333 8989 4215 Metals and Minerals, ex. Petroleum..................... 10803 10647 7282 4216 Electrical Goods....................................... 20792 21009 17293 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 6042 5940 5450 4218 Machinery, Equipment and Supplies...................... 22326 22098 19057 4219 Miscellaneous Durable Goods............................ 16205 16187 13565 422 Nondurable Goods..................................... 136714 137520 124002 4221 Paper and Paper Products............................... 6834 6807 6386 4222 Drugs and Druggists' Sundries.......................... 23847 23893 21674 4223 Apparel, Piece Goods, and Notions...................... 7423 7469 7048 4224 Groceries and Related Products......................... 35226 35111 34980 4225 Farm Product Raw Materials............................. 11374 11950 10335 4226 Chemicals and Allied Products.......................... 5638 5468 5195 4227 Petroleum and Petroleum Products....................... 23268 23580 17378 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7280 7412 6962 4229 Miscellaneous Nondurable Goods......................... 15824 15830 14044 Inventories, Total.................................. 309463 306229 288886 421 Durable Goods....................................... 188221 185675 173386 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 27281 27071 25558 4212 Furniture and Home Furnishings......................... 5957 5891 5638 4213 Lumber & Other Construction Materials.................. 9987 9973 7515 4214 Professional and Commercial Equipment and Supplies..... 24993 24597 23831 42143 Computer & Computer Peripheral Equipment and Software. 7695 7329 7301 4215 Metals and Minerals, ex. Petroleum..................... 17659 17203 13272 4216 Electrical Goods....................................... 23646 23526 22039 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10658 10584 10320 4218 Machinery, Equipment and Supplies...................... 46169 45068 45223 4219 Miscellaneous Durable Goods............................ 21871 21762 19990 422 Nondurable Goods..................................... 121242 120554 115500 4221 Paper and Paper Products............................... 6857 6544 6307 4222 Drugs and Druggists' Sundries.......................... 30708 30521 30913 4223 Apparel, Piece Goods, and Notions...................... 11615 11905 12520 4224 Groceries and Related Products......................... 22817 22796 21405 4225 Farm Product Raw Materials............................. 12649 13091 10483 4226 Chemicals and Allied Products.......................... 5885 5850 5985 4227 Petroleum and Petroleum Products....................... 5098 4893 4438 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7800 7650 7484 4229 Miscellaneous Nondurable Goods......................... 17813 17304 15965 Inventories/Sales Ratios, Total...................... 1.15 1.13 1.22 421 Durable Goods....................................... 1.42 1.40 1.54 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.35 1.35 1.38 4212 Furniture and Home Furnishings......................... 1.46 1.41 1.51 4213 Lumber & Other Construction Materials.................. 1.01 1.01 1.07 4214 Professional and Commercial Equipment and Supplies..... 1.10 1.10 1.15 42143 Computer & Computer Peripheral Equipment and Software. 0.73 0.71 0.81 4215 Metals and Minerals, ex. Petroleum..................... 1.63 1.62 1.82 4216 Electrical Goods....................................... 1.14 1.12 1.27 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.76 1.78 1.89 4218 Machinery, Equipment and Supplies...................... 2.07 2.04 2.37 4219 Miscellaneous Durable Goods............................ 1.35 1.34 1.47 422 Nondurable Goods..................................... 0.89 0.88 0.93 4221 Paper and Paper Products............................... 1.00 0.96 0.99 4222 Drugs and Druggists' Sundries.......................... 1.29 1.28 1.43 4223 Apparel, Piece Goods, and Notions...................... 1.56 1.59 1.78 4224 Groceries and Related Products......................... 0.65 0.65 0.61 4225 Farm Product Raw Materials............................. 1.11 1.10 1.01 4226 Chemicals and Allied Products.......................... 1.04 1.07 1.15 4227 Petroleum and Petroleum Products....................... 0.22 0.21 0.26 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.07 1.03 1.07 4229 Miscellaneous Nondurable Goods......................... 1.13 1.09 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 Jun May Jun Jun May Jun 2004 2004 2004 2004 2004 2004 from from from from from from May Apr Jun May Apr Jun 2004 2004 2003 2004 2004 2003 TOTAL.............................................. 0.0 0.3 14.0 1.1 1.4 7.1 421 Durable Goods....................................... 0.5 0.0 18.1 1.4 1.9 8.6 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.0 -0.4 9.3 0.8 1.2 6.7 4212 Furniture and Home Furnishings......................... -2.2 2.9 9.0 1.1 -0.4 5.7 4213 Lumber & Other Construction Materials.................. -0.5 1.1 40.4 0.1 6.4 32.9 4214 Professional and Commercial Equipment and Supplies..... 1.6 0.6 9.5 1.6 1.9 4.9 42143 Computer & Computer Peripheral Equipment and Software. 1.5 -0.2 16.7 5.0 1.2 5.4 4215 Metals and Minerals, ex. Petroleum..................... 1.5 -2.5 48.4 2.7 5.2 33.1 4216 Electrical Goods....................................... -1.0 3.9 20.2 0.5 1.4 7.3 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.7 0.3 10.9 0.7 2.1 3.3 4218 Machinery, Equipment and Supplies...................... 1.0 -1.1 17.2 2.4 1.1 2.1 4219 Miscellaneous Durable Goods............................ 0.1 -3.0 19.5 0.5 0.9 9.4 422 Nondurable Goods..................................... -0.6 0.5 10.3 0.6 0.7 5.0 4221 Paper and Paper Products............................... 0.4 1.2 7.0 4.8 0.3 8.7 4222 Drugs and Druggists' Sundries.......................... -0.2 1.0 10.0 0.6 1.5 -0.7 4223 Apparel, Piece Goods, and Notions...................... -0.6 1.5 5.3 -2.4 -0.2 -7.2 4224 Groceries and Related Products......................... 0.3 -0.8 0.7 0.1 0.9 6.6 4225 Farm Product Raw Materials............................. -4.8 -5.4 10.1 -3.4 -3.8 20.7 4226 Chemicals and Allied Products.......................... 3.1 -0.8 8.5 0.6 0.3 -1.7 4227 Petroleum and Petroleum Products....................... -1.3 6.2 33.9 4.2 2.5 14.9 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... -1.8 2.2 4.6 2.0 0.6 4.2 4229 Miscellaneous Nondurable Goods......................... 0.0 -1.3 12.7 2.9 2.9 11.6 (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 Jun(p) May(r) Jun(r) CUM CUM code Sales, Total....................................... 282503 266043 240136 1590924 1401626 421 Durable Goods....................................... 142542 129510 116810 774404 659332 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 21416 19426 18852 118476 108159 4212 Furniture and Home Furnishings......................... 4214 4023 3802 23725 21450 4213 Lumber & Other Construction Materials.................. 10937 10293 7507 56472 40102 4214 Professional and Commercial Equipment and Supplies..... 24834 21076 21919 132797 122472 42143 Computer & Computer Peripheral Equipment and Software. 11769 9579 9681 60998 53089 4215 Metals and Minerals, ex. Petroleum..................... 11764 10498 7559 62409 43744 4216 Electrical Goods....................................... 21811 20190 17639 117475 99429 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 6694 6011 5859 35677 32683 4218 Machinery, Equipment and Supplies...................... 24246 22518 20162 132741 111822 4219 Miscellaneous Durable Goods............................ 16626 15475 13511 94632 79471 422 Nondurable Goods..................................... 139961 136533 123326 816520 742294 4221 Paper and Paper Products............................... 7196 6528 6482 39707 38011 4222 Drugs and Druggists' Sundries.......................... 24539 22674 21349 139971 124640 4223 Apparel, Piece Goods, and Notions...................... 7482 6603 6689 43711 41632 4224 Groceries and Related Products......................... 35860 36059 35190 210417 205583 4225 Farm Product Raw Materials............................. 10703 10779 9219 71378 58534 4226 Chemicals and Allied Products.......................... 6061 5397 5356 33866 31651 4227 Petroleum and Petroleum Products....................... 23757 24122 17448 139059 114650 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 8001 7449 7282 41507 39109 4229 Miscellaneous Nondurable Goods......................... 16362 16922 14311 96904 88484 Inventories, Total.................................. 307050 302505 286825 421 Durable Goods....................................... 190052 186952 174867 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 27145 27098 25405 4212 Furniture and Home Furnishings......................... 6034 5885 5706 4213 Lumber & Other Construction Materials.................. 10297 10312 7748 4214 Professional and Commercial Equipment and Supplies..... 24918 24253 23736 42143 Computer & Computer Peripheral Equipment and Software. 7757 7248 7323 4215 Metals and Minerals, ex. Petroleum..................... 17924 17375 13418 4216 Electrical Goods....................................... 23859 23667 22171 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10839 10785 10495 4218 Machinery, Equipment and Supplies...................... 47231 45924 46218 4219 Miscellaneous Durable Goods............................ 21805 21653 19970 422 Nondurable Goods..................................... 116998 115553 111958 4221 Paper and Paper Products............................... 6919 6616 6351 4222 Drugs and Druggists' Sundries.......................... 30278 29270 30511 4223 Apparel, Piece Goods, and Notions...................... 11894 11655 12808 4224 Groceries and Related Products......................... 22589 22386 21212 4225 Farm Product Raw Materials............................. 9752 10983 8103 4226 Chemicals and Allied Products.......................... 5932 5914 6033 4227 Petroleum and Petroleum Products....................... 4894 4546 4274 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7925 7658 7611 4229 Miscellaneous Nondurable Goods......................... 16815 16525 15055 Inventories/Sales Ratios, Total...................... 1.09 1.14 1.19 421 Durable Goods....................................... 1.33 1.44 1.50 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.27 1.39 1.35 4212 Furniture and Home Furnishings......................... 1.43 1.46 1.50 4213 Lumber & Other Construction Materials.................. 0.94 1.00 1.03 4214 Professional and Commercial Equipment and Supplies..... 1.00 1.15 1.08 42143 Computer & Computer Peripheral Equipment and Software. 0.66 0.76 0.76 4215 Metals and Minerals, ex. Petroleum..................... 1.52 1.66 1.78 4216 Electrical Goods....................................... 1.09 1.17 1.26 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.62 1.79 1.79 4218 Machinery, Equipment and Supplies...................... 1.95 2.04 2.29 4219 Miscellaneous Durable Goods............................ 1.31 1.40 1.48 422 Nondurable Goods..................................... 0.84 0.85 0.91 4221 Paper and Paper Products............................... 0.96 1.01 0.98 4222 Drugs and Druggists' Sundries.......................... 1.23 1.29 1.43 4223 Apparel, Piece Goods, and Notions...................... 1.59 1.77 1.91 4224 Groceries and Related Products......................... 0.63 0.62 0.60 4225 Farm Product Raw Materials............................. 0.91 1.02 0.88 4226 Chemicals and Allied Products.......................... 0.98 1.10 1.13 4227 Petroleum and Petroleum Products....................... 0.21 0.19 0.24 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 0.99 1.03 1.05 4229 Miscellaneous Nondurable Goods......................... 1.03 0.98 1.05 (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 06 Months Jun May Jun 2004 Jun May Jun 2004 2004 2004 from 2004 2004 2004 from from from 06 from from from May Apr Jun Months May Apr Jun 2004 2004 2003 2003 2004 2004 2003 TOTAL.............................................. 6.2 -3.0 17.6 13.5 1.5 0.0 7.1 421 Durable Goods....................................... 10.1 -4.3 22.0 17.5 1.7 1.4 8.7 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 10.2 -8.7 13.6 9.5 0.2 -1.1 6.8 4212 Furniture and Home Furnishings......................... 4.7 -1.5 10.8 10.6 2.5 1.2 5.7 4213 Lumber & Other Construction Materials.................. 6.3 -0.7 45.7 40.8 -0.1 6.5 32.9 4214 Professional and Commercial Equipment and Supplies..... 17.8 -1.6 13.3 8.4 2.7 0.0 5.0 42143 Computer & Computer Peripheral Equipment and Software. 22.9 -1.9 21.6 14.9 7.0 -2.5 5.9 4215 Metals and Minerals, ex. Petroleum..................... 12.1 -9.2 55.6 42.7 3.2 5.7 33.6 4216 Electrical Goods....................................... 8.0 1.0 23.7 18.1 0.8 2.1 7.6 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 11.4 -3.5 14.3 9.2 0.5 2.6 3.3 4218 Machinery, Equipment and Supplies...................... 7.7 -5.5 20.3 18.7 2.8 0.8 2.2 4219 Miscellaneous Durable Goods............................ 7.4 -6.7 23.1 19.1 0.7 0.5 9.2 422 Nondurable Goods..................................... 2.5 -1.8 13.5 10.0 1.3 -2.1 4.5 4221 Paper and Paper Products............................... 10.2 -2.0 11.0 4.5 4.6 0.1 8.9 4222 Drugs and Druggists' Sundries.......................... 8.2 -4.7 14.9 12.3 3.4 -1.8 -0.8 4223 Apparel, Piece Goods, and Notions...................... 13.3 -3.8 11.9 5.0 2.1 2.9 -7.1 4224 Groceries and Related Products......................... -0.6 1.5 1.9 2.4 0.9 0.6 6.5 4225 Farm Product Raw Materials............................. -0.7 -12.5 16.1 21.9 -11.2 -17.9 20.4 4226 Chemicals and Allied Products.......................... 12.3 -5.5 13.2 7.0 0.3 1.5 -1.7 4227 Petroleum and Petroleum Products....................... -1.5 3.3 36.2 21.3 7.7 1.2 14.5 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7.4 3.4 9.9 6.1 3.5 -0.1 4.1 4229 Miscellaneous Nondurable Goods......................... -3.3 -3.6 14.3 9.5 1.8 -1.2 11.7
Monthly Wholesale Trade for July is scheduled to be released September 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: August 9, 2004
