Wholesalers Saw Sales and Inventories Up in November 2011
In the latest economic news, November 2011 sales of merchant wholesalers, except manufacturers’ sales branches and offices, rose 0.6% above October’s numbers, to $407.9 billion, according to the Department of Commerce.
This was also up 11.3% from the November 2010 confirming an accelerating trend in the U.S. economy. The October preliminary estimate was revised downward $0.4 billion or 0.1 percent.
November sales of durable goods were up 0.9% from the previous month and up 11.2% from November 2010. Sales of professional and commercial equipment and supplies were up 3.8 percent from last month. Sales of nondurable goods were up 0.3% from October and 11.3% from November 2010.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, rose by 0.1% to $468.9 billion in November, up 10.5% from the November 2010 level. October’s preliminary estimate was revised downward $1.9 billion or 0.4 percent.
November inventories of durable goods were up 0.1% from October and up 10.9% from November 2010. Inventories of machinery, equipment, and supplies were up 1.4% from October, while inventories of computer and computer peripheral equipment and software were down 2.2%.
Inventories of nondurable goods were up 0.2% from October and were up 9.8% from November 2010. Inventories of petroleum and petroleum products were up 1.5% from October 2010.
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