Sales
August 2025 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 $711.1 billion, up 0.1 percent (±0.4 percent)* from the revised July level and were up 6.1 percent (±0.9 percent) from the revised August 2024 level. The June 2025 to July 2025 percent change was revised from the preliminary estimate of up 1.4 percent (±0.5 percent) to up 1.3 percent (±0.5 percent).
Inventories
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes, were $907.9 billion at the end of August, virtually unchanged (±0.2 percent)* from the revised July level. Total inventories were up 1.1 percent (±0.7 percent) from the revised August 2024 level. The July 2025 to August 2025 percent change was revised from the advance estimate of down 0.2 percent (±0.2 percent)* to virtually unchanged (±0.2 percent)*.
Inventories/Sales Ratio
The August inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.28. The August 2024 ratio was 1.34.
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* The 90 percent confidence interval includes zero. There is insufficient evidence to conclude that the actual change is different from zero.
