Sales of merchant wholesalers, except for manufacturers’ sales branches and offices, were $643.3 billion in June, down 6.7% from June 2022 and down 0.7% from May 2023, according to the U.S. Census Bureau.
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Total inventories were $905.2 billion in June, up 1.3% from June 2022 but down 0.5% from May 2023.
The inventory/sales ratio for June 2023 was 1.41 compared to 1.30 for June 2022.
