U.S. Monthly Wholesale Trades – Rise in Sales and Inventories

November 10, 2012 in U.S.

The report released by U.S. Census Bureau on November 9th indicated a rise in both sales and inventories during the month of September  2012.

U.S. Bureau of Census issues the estimation report by analyzing the sample data to indicate the status of the sales and inventories of wholesale merchants but excluding the distribution network of sales branches and sales offices of the manufacturers. As the estimates are based on sampling they are subject to sampling/non-sampling errors.

Sales of Wholesale Merchants:

September 2012’s  whole sale merchants’ sales is estimated to be US$414.0 billion, which was  up by 2.0% (+/-0.7% margin) from the revised August data and were up 4.4% (+/-0.9% margin) from the September 2011 data.The August preliminary estimate was revised upward $0.5 billion or 0.1 percent.

The Durable Goods sales estimates for September 2012 are up by 1.2% (+/-0.9% margin) from August 2012 and were up 2.8%  (+/-1.2% margin) as compared to September 2011.

Sales of electrical and electronic goods were up 3.7% as compared to August 2012.

Sales of metals and minerals, except petroleum were up 2.5% as compared  to August 2012 data.

Sales of non-durable goods were up 2.7% (+/-0.9% margin) in September 2012 from August and were up 5.7% (+/-1.2% margin) from September 2011.

Sales of petroleum and petroleum products were up 8.3% in September 2012 as compared to that of August 2012.

Inventories of Wholesale Merchants:

Total inventories at the end of September 2012 were estimated to be US$ 494.2 billion. The inventory data was up by 1.1 % (+/-0.4% margin) from the revised August 2012 level and was up by 7.5 % (+/-1.2%) from the September 2011 level. The August preliminary estimate was revised upward $1.3 billion or 0.3 %.

Durable goods inventories at the end of September 2012 were estimated to be up 0.9 % (+/-0.4% margin) from August and 8.2 % (+/-1.1%) more as compared to September 2011.

Inventories of metals and minerals, except petroleum were estimated to be up by 1.9 % as compared to August 2012.

Inventories of machinery, equipment, and supplies were estimated to be up by 1.5 % from August 2012.

Inventories of non-durable goods were estimated to be up by 1.4 % (+/-0.5% margin) from August 2012 and grew by 6.5 % (+/-2.6%) on year on year basis from September 2011.

Inventories of farm product raw materials were estimated to be up by 7.3 % from August 2012.

Inventories of petroleum and petroleum products were up 5.5 % from August 2012.

The Ratio of Wholesale Merchants’ Inventories and Sales:

The ratio of inventories to sales is estimated to have risen to 1.19 in September 2012 as compared to that of  September 2011’s 1.16.

Historical Graph of Wholesale Merchants Inventory and Sales Ratio

Ratio of wholesale inventories and sales in US- Historical data

Note: U.S. Bureau of Census releases the sample data is after the adjustment for seasonal variations but not for price changes

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