The U.S. Census Bureau announced today that June 2011 sales of merchant wholesalers up 0.6% from the revised May level and were up 15.4% from the June 2010 level. While Econintersect’s analysis shows sales were down from the May levels – sales are at record levels.
In 6 of the last eight months, wholesale sales have been at record levels – including this month (June 2011) on an unadjusted basis. However, on an inflation adjusted basis – wholesale sales remain in the depressed aftermath of Great Recession.
Overall, the inventory-to-sales ratios – which a rising ratio is an indicator of economic slowing – fell and remains in a historically low range. Bottom line: Wholesale sales do not indicate the economy is slowing.
Nice Rebound for Business Sales In May 2011 by Steven Hansen
Retail Sales Show Strength in June 2011 by Steven Hansen
Auto Sales are Dismal by John Lounsbury
The Consumer is Bouncing Along the Bottom by Rick Davis
Consumers are Coming to Terms with Frugality by Rick Davis
Strong Retail Sales Do Not Point to Real Economic Growth by Steven Hansen