Wholesale inventories rises in-line with forecast

Sales
July 2021 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 $601.3 billion, up 2.0 percent (±0.4 percent) from the revised June level and were up 23.7 percent (±1.6 percent) from the revised July 2020 level. The May 2021 to June 2021 percent change was revised from the preliminary estimate of up 2.0 percent (±0.4 percent) to up 2.3 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 $722.4 billion at the end of July, up 0.6 percent (±0.4 percent) from the revised June level. Total inventories were up 11.5 percent (±1.4 percent) from the revised July 2020 level. The June 2021 to July 2021 percent change was unrevised from the advance estimate of up 0.6 percent (±0.4 percent).

Inventories/Sales Ratio
The July inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.20. The July 2020 ratio was 1.33.