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Monday, December 9, 2019

Metals and non-petroleum minerals wholesalers report 3.7 percent decrease in July sales

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By Local Labs News Service | Oct 24, 2019

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Sales by metals and non-petroleum minerals wholesalers in July were $14.7 billion, a decrease of 3.7 percent from the revised June 2019 level, according to a U.S. Census Bureau report which was released in September.

Metals and non-petroleum minerals wholesalers reported total sales of $15.2 billion the previous month.

The data is after adjustment for seasonal variations and trading day differences, but not for price changes.

The Census Bureau conducts a monthly wholesale trade survey in order to provide an up-to-date indication of sales and inventory trends for U.S. merchant wholesalers, excluding manufacturers' sales branches and offices.

The survey is considered to be a reliable measure of current economic activity.

Information requested in the survey includes monthly sales reports, end-of-month inventories, number of establishments covered by the report, and the ending date of the reporting period.

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