The United States Census Bureau released the July 2024 Monthly Wholesale Trade Report.
Sales
July 2024 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes, were $671.0 billion, up 1.1 percent (±0.4 percent) from the revised June level and were up 2.9 percent (±0.7 percent) from the revised July 2023 level. The May 2024 to June 2024 percent change was revised from the preliminary estimate of down 0.6 percent (±0.4 percent) to down 0.3 percent (±0.4 percent)*.
Inventories
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes, were $903.5 billion at the end of July, up 0.2 percent (±0.2 percent)* from the revised June level. Total inventories were up 0.4 percent (±0.7 percent)* from the revised July 2023 level. The June 2024 to July 2024 percent change was revised from the advance estimate of up 0.3 percent (±0.2 percent) to up 0.2 percent (±0.2 percent)*.
Inventories/Sales Ratio
The July inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.35. The July 2023 ratio was 1.38.