Wholesale Trade: Durable Goods Inventories Build as Sales Contract

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Sales from merchant wholesalers increased 1 percent on the month to $440.1 billion in November and are now up 5.5 percent on the year, according to the latest Monthly Wholesale Trade report, which was released by the U.S. Census Bureau on Friday. The October preliminary estimate was revised upward by $600 million, or 0.1 percent.

Sales of durable goods were down 0.4 percent on the month but are up 4 percent on the year and accounted for about 45.5 percent of total sales. Sales of nondurable goods were up 2.1 percent on the month and are up 6.8 percent on the year, accounting for about 54.5 percent of total sales.

Wholesale inventories increased 0.5 percent on the month to $516.4 billion, up 3.3 percent on the year. The October preliminary estimate was revised downward by $300 million, or 0.1 percent. Inventories of durable goods increased 0.5 percent on the month and 4.2 percent on the year, account for about 61 percent of total inventories. Nondurable goods inventories increased 0.5 percent on the month and 1 percent on the year, accounting for about 39 percent of inventories.

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