Wholesale inventories in Dec 2006 down 0.5% from Nov
09 Feb '07
2 min read
The U.S. Census Bureau announced that December 2006 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 $337.1 billion, up 1.8 percent (+/-0.7%) from the revised November level and were up 8.6 percent (+/-1.2%) from the December 2005 level.
Wholesale inventories in December 2006 were $393.8 billion, down 0.5% from November 2006 but up 8.6% from December 2005. Sales were $337.1 billion, up 1.8% from the previous month and up 8.6% from the previous year.
The November preliminary estimate was revised downward $0.1 billion. December sales of durable goods increased 1.1 percent (+/-0.8%) from last month and were up 7.0 percent (+/-1.8%) from a year ago.
Compared to last month, sales of petroleum and petroleum products increased 5.6 percent and sales of grocery and related products were up 3.1 percent.
Inventories - Total inventories of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations but not for price changes, were $393.8 billion at the end of December, down 0.5 percent (+/-0.3%) from last month, but were up 8.6 percent (+/-1.7%) from a year ago.
The November preliminary estimate was revised downward $0.9 billion or 0.2 percent. End-of-month inventories of durable goods decreased 0.4 percent (+/-0.5%) from November, but were up 8.3 percent (+/-2.3%) from last December. Compared to last month, inventories of motor vehicle and amotor vehicle parts and supplies were down 2.8 percent, while inventories of furniture and home furnishings increased 2.0 percent.
End-of-month inventories of nondurable goods decreased 0.7 percent (+/-0.5%) from November, but were up 9.0 percent (+/-3.5%) compared to last December. Inventories of petroleum and petroleum products were down 6.3 percent from last month and inventories of farm product raw materials decreased 4.6 percent.