US: Total inventories of merchant wholesalers were $632.4 bln in June, up 0.1% from May

"Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $632.4 billion at the end of June, up 0.1 percent from the revised May level," the U.S. Census Bureau reported on Thursday.

Key takeaways from the press release

• June 2018 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 $506.7 billion, down 0.1 percent from the revised May level, but were up 10.2 percent from the June 2017 level.
• The June inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.25. The June 2017 ratio was 1.31.