Economic Buzz: US wholesale trade up 4.8% on year in May

The U.S. Census Bureau announced the following new wholesale trade statistics for May 2025.

May 2025 sales of merchant wholesalers were $697.2 billion, down 0.3 percent from the revised April level, but were up 4.8 percent from the revised May 2024 level.

The March 2025 to April 2025 percent change was revised from the preliminary estimate of up 0.1 percent to virtually unchanged.

Total inventories of merchant wholesalers were $905.5 billion at the end of May, down 0.3 percent from the revised April level. Total inventories were up 1.4 percent from the revised May 2024 level.

The April 2025 to May 2025 percent change was unrevised from the advance estimate of down 0.3 percent.

The May inventories/sales ratio for merchant wholesalers was 1.30. The May 2024 ratio was 1.34.

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