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por Info.... » 8/7/2005 15:31

10:00am 07/08/05 U.S. MAY WHOLESALE SALES UP 7.3% FROM YEAR-AGO
10:00am 07/08/05 U.S. MAY WHOLESALE SALES UNCHANGED AT $295.5 BILLION
10:00am 07/08/05 U.S. MAY WHOLESALE INVENTORIES RISE 0.1%


ECONOMIC REPORT: U.S. wholesale inventories rise 0.1%
By Robert Schroeder, MarketWatch
Last Update: 10:34 AM ET July 8, 2005

WASHINGTON (MarketWatch) -- Inventories at U.S. wholesalers rose a modest 0.1% in May, to $350.1 billion, the Commerce Department said Friday.

Wholesale sales in May were virtually unchanged from their revised April level of $295.5 billion. But May sales were up 7.3% from a year earlier, the department said.

April sales were revised downward to 1.3% from the previously estimated 1.5%.

The inventory-to-sales ratio was unchanged at 1.18. Read the report.

Economists surveyed by MarketWatch had been expecting inventories to rise 0.6%.

It's rare for financial markets to react to the wholesale trade data. Instead, the data are chiefly of interest to economists, who use them to fill in gaps in their models for estimating gross domestic product.

Wholesalers are the middlemen between manufacturers and retailers and serve as a shock absorber for the business sector. Trends in the sector typically reflect conditions in the rest of the economy.

In May, wholesale sales were led by a 2.3% gain in computer equipment and a 2.3% increase in alcohol. Sales of petroleum fell 3.7%

Wholesale inventories are up 10.4% from a year earlier, while sales are up 7.3%. The figures are adjusted for seasonal factors but not for price changes.

Inventory gains were concentrated in hardware, lumber, automobiles and other durable goods. Petroleum inventories rose 0.8%. Drug inventories fell 0.4%.

The inventory-to-sales ratio for nondurable goods stayed at 0.88. For durables, the ratio rose to 1.49 from 1.48.
 
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