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.
[click to enlarge]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.
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