US: June 2017 sales of merchant wholesalers were $465.8 billion, up 0.7% from May

"June 2017 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $465.8 billion, up 0.7 percent from the revised May level and were up 5.5 percent from the June 2016 level," the U.S. Census Bureau announced on Wednesday.

Key highlights:

• The April 2017 to May 2017 percent change was revised from the preliminary estimate of down 0.5 percent to down 0.1 percent
• Total inventories of merchant wholesalers, after adjustment for seasonal variations but not for price changes, were $599.4 billion at the end of June, up 0.7 percent from the revised May level
• Total inventories were up 2.8 percent from the revised June 2016 level
• The June inventories/sales ratio for merchant wholesalers was 1.29. The June 2016 ratio was 1.32.