Bloomberg News

U.S. February Wholesale Inventories and Sales (Text)

April 09, 2013

The following is the text of the wholesale inventories report from the Commerce Department.

Special Notice:

Monthly wholesale sales, inventories, and inventories-to- sales ratios will be revised to reflect the introduction of a new sample, new seasonal factors, and results of the 2011 Annual Wholesale Trade Survey. Revised adjusted and not adjusted estimates are scheduled to be released on our website on May 31, 2013 at 10:00 a.m. EDT. For further information on the new sample, see <http://www.census.gov/wholesale/faqs.html>.

Sales

The U.S. Census Bureau announced today that February 2013 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 $422.5 billion, up 1.7 percent (+/-0.5%) from the revised January level and were up 3.7 percent (+/-1.1%) from the February 2012 level. The January preliminary estimate was revised upward $0.1 billion. February sales of durable goods were up 0.4 percent (+/-0.7%)* from last month and were up 2.0 percent (+/-1.6%) from a year ago. Sales of computer and computer peripheral equipment and software were up 2.3 percent from last month, while sales of electrical and electronic goods were down 2.3 percent. Sales of nondurable goods were up 2.7 percent (+/-0.9%) from January and were up 5.1 percent (+/-1.4%) from last February. Sales of petroleum and petroleum products were up 10.6 percent from last month.

Inventories

Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $501.4 billion at the end of February, down 0.3 percent (+/-0.2%) from the revised January level, but were up 4.7 percent (+/-1.1%) from the February 2012 level. The January preliminary estimate was revised downward $1.7 billion or 0.3 percent. February inventories of durable goods were up 0.2 percent (+/-0.4%)* from last month and were up 7.5 percent (+/-1.4%) from a year ago. Inventories of computer and computer peripheral equipment and software were up 2.2 percent from last month. Inventories of nondurable goods were down 0.9 percent (+/-0.4%) from January, but were up 0.7 percent (+/-1.4%)* from last February. Inventories of farm product raw materials were down 5.7 percent from last month and inventories of drugs and druggists’ sundries were down 3.0 percent.

Inventories/Sales Ratio

The February inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.19. The February 2012 ratio was 1.18.

Data in this report are based on a sample and, therefore, are subject to sampling and nonsampling error. A discussion of the reliability of the estimates and general survey methodology can be found at: <http://www.census.gov/wholesale/www/how_surveys_are_collected/m onthly_methodology.html>.

Monthly Wholesale Trade for March is scheduled to be released May 9, 2013 at 10:00 a.m. EDT. For customized wholesale time series estimates by industry, visit the Census Bureau’s web site at <http://www.census.gov/timeseries>.

To receive the latest updates on the nation’s key economic indicators, download the America’s Economy app for Apple and Android smartphones and tablets.

For additional survey information, visit <http://www.census.gov/wholesale>.

*The 90 percent confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.

SOURCE: U.S. Commerce Department. http://www.census.gov/wholesale

To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net


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