FOR IMMEDIATE RELEASE: Wednesday, July 9, 2025
Monthly Wholesale Trade Report: May 2025
CB25-100
Sales
May 2025 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 $697.2 billion, down 0.3 percent (±0.4 percent)* from the revised April level, but were up 4.8 percent (±0.9 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 (±0.5 percent)* to virtually unchanged (±0.5 percent)*. Inventories
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences, but not for price changes, were $905.5 billion at the end of May, down 0.3 percent (±0.2 percent) from the revised April level. Total inventories were up 1.4 percent (±0.5 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 (±0.2 percent). Inventories/Sales Ratio
The May inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.30. The May 2024 ratio was 1.34.
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* The 90 percent confidence interval includes zero. There is insufficient evidence to conclude that the actual change is different from zero.
* The 90 percent confidence interval includes zero. There is insufficient evidence to conclude that the actual change is different from zero.
Additional Release Tables
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