Economy Advances as Wholesalers See Sales and Inventories Up in November

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.