For Wire Transmission 10:00 a.m. ET September 9, 2004 CB04-151
MONTHLY WHOLESALE TRADE: SALES AND INVENTORIES
JULY 2004
Sales
July 2004 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $271.6 billion, up 0.5 percent (+/-0.7%) from the revised June level, and were up 13.8 percent (+/-1.3%) from the July 2003 level. The June preliminary estimate was revised upward $0.5 billion or 0.2 percent. July sales of durable goods increased 0.5 percent (+/-1.0%) from last month, and were up 17.9 percent (+/-1.3%) from a year ago. Compared to last month, sales of motor vehicle and motor vehicle parts and supplies were down 2.6 percent. July sales of nondurable goods increased 0.5 percent (+/-0.8%) from last month, and were up 10.0 percent (+/-1.7%) from last year. Sales of drugs and druggists’ sundries increased 2.8 percent from last month and sales of petroleum and petroleum products increased 2.3 percent.Inventories
Total inventories of merchant wholesalers, after adjustment for seasonal variations but not for price changes, were $313.8 billion at the end of July, up 1.3 percent (+/-0.3%) from last month, and were up 8.6 percent (+/-1.3%) from a year ago. The June preliminary estimate was revised upward $0.3 billion or 0.1 percent. End-of-month inventories of durable goods increased 1.3 percent (+/-0.5%) from June, and were up 10.7 percent (+/-1.2%) from last year. Inventories of metals and minerals, except petroleum increased 3.5 percent from last month and inventories of lumber and other construction materials increased 2.6 percent. End-of-month inventories of nondurable goods increased 1.3 percent (+/-0.7%) from June, and were up 5.5 percent (+/-3.0%) from last year. Inventories of petroleum and petroleum products increased 21.2 percent from last month and inventories of paper and paper products were up 3.6 percent.Inventories/Sales Ratio
The July inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.16. The July 2003 ratio was 1.21.
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.) 2004 2004 2003 NAICS Kind of business Jul(p) Jun(r) Jul(r) code Sales, Total....................................... 271629 270235 238762 421 Durable Goods....................................... 133863 133139 113568 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 19622 20144 18477 4212 Furniture and Home Furnishings......................... 4131 4081 3842 4213 Lumber & Other Construction Materials.................. 9913 9832 7357 4214 Professional and Commercial Equipment and Supplies..... 23238 22948 20898 42143 Computer & Computer Peripheral Equipment and Software. 10944 10593 8991 4215 Metals and Minerals, ex. Petroleum..................... 11036 10849 7466 4216 Electrical Goods....................................... 20439 20662 17468 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 6019 6066 5517 4218 Machinery, Equipment and Supplies...................... 23117 22514 19290 4219 Miscellaneous Durable Goods............................ 16348 16043 13253 422 Nondurable Goods..................................... 137766 137096 125194 4221 Paper and Paper Products............................... 6867 6835 6346 4222 Drugs and Druggists' Sundries.......................... 24478 23821 22163 4223 Apparel, Piece Goods, and Notions...................... 7283 7410 7101 4224 Groceries and Related Products......................... 35012 35343 35229 4225 Farm Product Raw Materials............................. 11148 11376 9613 4226 Chemicals and Allied Products.......................... 5705 5649 5235 4227 Petroleum and Petroleum Products....................... 24062 23526 18076 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7204 7293 7257 4229 Miscellaneous Nondurable Goods......................... 16007 15843 14174 Inventories, Total.................................. 313792 309744 289037 421 Durable Goods....................................... 190872 188350 172500 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 27895 27280 25102 4212 Furniture and Home Furnishings......................... 5996 5935 5561 4213 Lumber & Other Construction Materials.................. 10233 9972 7495 4214 Professional and Commercial Equipment and Supplies..... 25026 25080 24074 42143 Computer & Computer Peripheral Equipment and Software. 7590 7711 7334 4215 Metals and Minerals, ex. Petroleum..................... 18293 17668 13146 4216 Electrical Goods....................................... 23746 23623 21852 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10837 10688 10333 4218 Machinery, Equipment and Supplies...................... 46389 46088 44826 4219 Miscellaneous Durable Goods............................ 22457 22016 20111 422 Nondurable Goods..................................... 122920 121394 116537 4221 Paper and Paper Products............................... 7162 6911 6346 4222 Drugs and Druggists' Sundries.......................... 30934 30735 31582 4223 Apparel, Piece Goods, and Notions...................... 11779 11664 12474 4224 Groceries and Related Products......................... 22959 22783 21616 4225 Farm Product Raw Materials............................. 11645 12536 10588 4226 Chemicals and Allied Products.......................... 5964 5882 5979 4227 Petroleum and Petroleum Products....................... 6215 5129 4464 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7885 7802 7544 4229 Miscellaneous Nondurable Goods......................... 18377 17952 15944 Inventories/Sales Ratios, Total...................... 1.16 1.15 1.21 421 Durable Goods....................................... 1.43 1.41 1.52 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.42 1.35 1.36 4212 Furniture and Home Furnishings......................... 1.45 1.45 1.45 4213 Lumber & Other Construction Materials.................. 1.03 1.01 1.02 4214 Professional and Commercial Equipment and Supplies..... 1.08 1.09 1.15 42143 Computer & Computer Peripheral Equipment and Software. 0.69 0.73 0.82 4215 Metals and Minerals, ex. Petroleum..................... 1.66 1.63 1.76 4216 Electrical Goods....................................... 1.16 1.14 1.25 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.80 1.76 1.87 4218 Machinery, Equipment and Supplies...................... 2.01 2.05 2.32 4219 Miscellaneous Durable Goods............................ 1.37 1.37 1.52 422 Nondurable Goods..................................... 0.89 0.89 0.93 4221 Paper and Paper Products............................... 1.04 1.01 1.00 4222 Drugs and Druggists' Sundries.......................... 1.26 1.29 1.42 4223 Apparel, Piece Goods, and Notions...................... 1.62 1.57 1.76 4224 Groceries and Related Products......................... 0.66 0.64 0.61 4225 Farm Product Raw Materials............................. 1.04 1.10 1.10 4226 Chemicals and Allied Products.......................... 1.05 1.04 1.14 4227 Petroleum and Petroleum Products....................... 0.26 0.22 0.25 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.09 1.07 1.04 4229 Miscellaneous Nondurable Goods......................... 1.15 1.13 1.12 (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 Jul Jun Jul Jul Jun Jul 2004 2004 2004 2004 2004 2004 from from from from from from Jun May Jul Jun May Jul 2004 2004 2003 2004 2004 2003 TOTAL.............................................. 0.5 0.2 13.8 1.3 1.1 8.6 421 Durable Goods....................................... 0.5 0.6 17.9 1.3 1.4 10.7 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... -2.6 0.8 6.2 2.3 0.8 11.1 4212 Furniture and Home Furnishings......................... 1.2 -2.0 7.5 1.0 0.7 7.8 4213 Lumber & Other Construction Materials.................. 0.8 -0.7 34.7 2.6 0.0 36.5 4214 Professional and Commercial Equipment and Supplies..... 1.3 2.6 11.2 -0.2 2.0 4.0 42143 Computer & Computer Peripheral Equipment and Software. 3.3 2.5 21.7 -1.6 5.2 3.5 4215 Metals and Minerals, ex. Petroleum..................... 1.7 1.9 47.8 3.5 2.7 39.2 4216 Electrical Goods....................................... -1.1 -1.7 17.0 0.5 0.4 8.7 4217 Hardware, Plumbing and Heating Equipment and Supplies.. -0.8 2.1 9.1 1.4 1.0 4.9 4218 Machinery, Equipment and Supplies...................... 2.7 1.9 19.8 0.7 2.3 3.5 4219 Miscellaneous Durable Goods............................ 1.9 -0.9 23.4 2.0 1.2 11.7 422 Nondurable Goods..................................... 0.5 -0.3 10.0 1.3 0.7 5.5 4221 Paper and Paper Products............................... 0.5 0.4 8.2 3.6 5.6 12.9 4222 Drugs and Druggists' Sundries.......................... 2.8 -0.3 10.4 0.6 0.7 -2.1 4223 Apparel, Piece Goods, and Notions...................... -1.7 -0.8 2.6 1.0 -2.0 -5.6 4224 Groceries and Related Products......................... -0.9 0.7 -0.6 0.8 -0.1 6.2 4225 Farm Product Raw Materials............................. -2.0 -4.8 16.0 -7.1 -4.2 10.0 4226 Chemicals and Allied Products.......................... 1.0 3.3 9.0 1.4 0.5 -0.3 4227 Petroleum and Petroleum Products....................... 2.3 -0.2 33.1 21.2 4.8 39.2 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... -1.2 -1.6 -0.7 1.1 2.0 4.5 4229 Miscellaneous Nondurable Goods......................... 1.0 0.1 12.9 2.4 3.7 15.3 (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.) 2004 2004 2003 2004 2003 NAICS Kind of business Jul(p) Jun(r) Jul(r) CUM CUM code Sales, Total....................................... 269284 282782 243623 1860487 1645249 421 Durable Goods....................................... 133809 142447 116760 908118 776092 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 19387 21494 18810 137941 126969 4212 Furniture and Home Furnishings......................... 4114 4216 3900 27841 25350 4213 Lumber & Other Construction Materials.................. 10547 10914 8100 66996 48202 4214 Professional and Commercial Equipment and Supplies..... 22936 24944 21400 155843 143872 42143 Computer & Computer Peripheral Equipment and Software. 10802 11769 9162 71800 62251 4215 Metals and Minerals, ex. Petroleum..................... 11345 11760 7951 73750 51695 4216 Electrical Goods....................................... 20357 21757 17817 137778 117246 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 6139 6715 5798 41837 38481 4218 Machinery, Equipment and Supplies...................... 23094 24315 19811 155904 131633 4219 Miscellaneous Durable Goods............................ 15890 16332 13173 110228 92644 422 Nondurable Goods..................................... 135475 140335 126863 952369 869157 4221 Paper and Paper Products............................... 6737 7184 6454 46432 44465 4222 Drugs and Druggists' Sundries.......................... 23621 24393 22252 163446 146892 4223 Apparel, Piece Goods, and Notions...................... 7232 7521 7378 50982 49010 4224 Groceries and Related Products......................... 35852 36156 36673 246565 242256 4225 Farm Product Raw Materials............................. 9565 10705 8661 80945 67195 4226 Chemicals and Allied Products.......................... 5802 6050 5455 39657 37106 4227 Petroleum and Petroleum Products....................... 23509 23973 17931 162784 132581 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7406 8051 7729 48963 46838 4229 Miscellaneous Nondurable Goods......................... 15751 16302 14330 112595 102814 Inventories, Total.................................. 313342 306791 288497 421 Durable Goods....................................... 194334 189791 175467 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 27644 27034 24876 4212 Furniture and Home Furnishings......................... 6188 5982 5750 4213 Lumber & Other Construction Materials.................. 10376 10271 7600 4214 Professional and Commercial Equipment and Supplies..... 25602 25005 24580 42143 Computer & Computer Peripheral Equipment and Software. 7932 7757 7642 4215 Metals and Minerals, ex. Petroleum..................... 18695 17809 13409 4216 Electrical Goods....................................... 24221 23788 22245 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 11032 10848 10509 4218 Machinery, Equipment and Supplies...................... 47827 47148 46126 4219 Miscellaneous Durable Goods............................ 22749 21906 20372 422 Nondurable Goods..................................... 119008 117000 113030 4221 Paper and Paper Products............................... 7205 6925 6352 4222 Drugs and Druggists' Sundries.......................... 30594 30305 31235 4223 Apparel, Piece Goods, and Notions...................... 12344 11909 13060 4224 Groceries and Related Products......................... 22683 22510 21335 4225 Farm Product Raw Materials............................. 8489 9753 7761 4226 Chemicals and Allied Products.......................... 6071 5911 6087 4227 Petroleum and Petroleum Products....................... 6035 4929 4348 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 8019 7919 7657 4229 Miscellaneous Nondurable Goods......................... 17568 16839 15195 Inventories/Sales Ratios, Total...................... 1.16 1.08 1.18 421 Durable Goods....................................... 1.45 1.33 1.50 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.43 1.26 1.32 4212 Furniture and Home Furnishings......................... 1.50 1.42 1.47 4213 Lumber & Other Construction Materials.................. 0.98 0.94 0.94 4214 Professional and Commercial Equipment and Supplies..... 1.12 1.00 1.15 42143 Computer & Computer Peripheral Equipment and Software. 0.73 0.66 0.83 4215 Metals and Minerals, ex. Petroleum..................... 1.65 1.51 1.69 4216 Electrical Goods....................................... 1.19 1.09 1.25 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.80 1.62 1.81 4218 Machinery, Equipment and Supplies...................... 2.07 1.94 2.33 4219 Miscellaneous Durable Goods............................ 1.43 1.34 1.55 422 Nondurable Goods..................................... 0.88 0.83 0.89 4221 Paper and Paper Products............................... 1.07 0.96 0.98 4222 Drugs and Druggists' Sundries.......................... 1.30 1.24 1.40 4223 Apparel, Piece Goods, and Notions...................... 1.71 1.58 1.77 4224 Groceries and Related Products......................... 0.63 0.62 0.58 4225 Farm Product Raw Materials............................. 0.89 0.91 0.90 4226 Chemicals and Allied Products.......................... 1.05 0.98 1.12 4227 Petroleum and Petroleum Products....................... 0.26 0.21 0.24 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.08 0.98 0.99 4229 Miscellaneous Nondurable Goods......................... 1.12 1.03 1.06 (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 07 Months Jul Jun Jul 2004 Jul Jun Jul 2004 2004 2004 from 2004 2004 2004 from from from 07 from from from Jun May Jul Months Jun May Jul 2004 2004 2003 2003 2004 2004 2003 TOTAL.............................................. -4.8 6.3 10.5 13.1 2.1 1.4 8.6 421 Durable Goods....................................... -6.1 10.0 14.6 17.0 2.4 1.5 10.8 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... -9.8 10.6 3.1 8.6 2.3 -0.2 11.1 4212 Furniture and Home Furnishings......................... -2.4 4.8 5.5 9.8 3.4 1.6 7.6 4213 Lumber & Other Construction Materials.................. -3.4 6.0 30.2 39.0 1.0 -0.4 36.5 4214 Professional and Commercial Equipment and Supplies..... -8.1 18.4 7.2 8.3 2.4 3.1 4.2 42143 Computer & Computer Peripheral Equipment and Software. -8.2 22.9 17.9 15.3 2.3 7.0 3.8 4215 Metals and Minerals, ex. Petroleum..................... -3.5 12.0 42.7 42.7 5.0 2.5 39.4 4216 Electrical Goods....................................... -6.4 7.8 14.3 17.5 1.8 0.5 8.9 4217 Hardware, Plumbing and Heating Equipment and Supplies.. -8.6 11.7 5.9 8.7 1.7 0.6 5.0 4218 Machinery, Equipment and Supplies...................... -5.0 8.0 16.6 18.4 1.4 2.7 3.7 4219 Miscellaneous Durable Goods............................ -2.7 5.5 20.6 19.0 3.8 1.2 11.7 422 Nondurable Goods..................................... -3.5 2.8 6.8 9.6 1.7 1.3 5.3 4221 Paper and Paper Products............................... -6.2 10.0 4.4 4.4 4.0 4.7 13.4 4222 Drugs and Druggists' Sundries.......................... -3.2 7.6 6.2 11.3 1.0 3.5 -2.1 4223 Apparel, Piece Goods, and Notions...................... -3.8 13.9 -2.0 4.0 3.7 2.2 -5.5 4224 Groceries and Related Products......................... -0.8 0.3 -2.2 1.8 0.8 0.6 6.3 4225 Farm Product Raw Materials............................. -10.6 -0.7 10.4 20.5 -13.0 -11.2 9.4 4226 Chemicals and Allied Products.......................... -4.1 12.1 6.4 6.9 2.7 -0.1 -0.3 4227 Petroleum and Petroleum Products....................... -1.9 -0.6 31.1 22.8 22.4 8.4 38.8 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... -8.0 8.1 -4.2 4.5 1.3 3.4 4.7 4229 Miscellaneous Nondurable Goods......................... -3.4 -3.7 9.9 9.5 4.3 1.9 15.6
Monthly Wholesale Trade for August is scheduled to be released October 8, 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: September 9, 2004
