August Monthly Wholesale Sales Up 1.4 Percent from July; Down 2.3 Percent Y/Y

Sales

August 2020 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 $486.6 billion, up 1.4% (±0.5%) from the revised July level, but were down 2.3% (±1.1%) from the revised August 2019 level. The June 2020 to July 2020 percent change was revised from the preliminary estimate of up 4.6% (±0.5%) to up 4.8% (±0.5%).

Inventories

Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $635.5 billion at the end of August, up 0.4% (±0.2%) from the revised July level. Total inventories were down 5.2% (±0.7%) from the revised August 2019 level. The July 2020 to August 2020 percent change was revised from the advance estimate of up 0.5% (±0.2%) to up 0.4% (±0.2%).

Inventories/Sales Ratio

The August inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.31. The August 2019 ratio was 1.35.