US: April 2018 sales of merchant wholesalers rise by 0.8% to $493.3 bln

"April 2018 sales of merchant wholesalers were $493.3 billion, up 0.8 percent from the revised March level and were up 7.8 percent from the April 2017 level," the US Census Bureau announced on Friday.

• The February 2018 to March 2018 percent change was unrevised from the Monthly Wholesale Annual Revision Report and is up 0.4 percent.
• Total inventories of merchant wholesalers were $630.2 billion at the end of April, up 0.1 percent from the revised March level.
• Total inventories were up 5.8 percent from the revised April 2017 level.
• The April inventories/sales ratio for merchant wholesalers was 1.28. The April 2017 ratio was 1.30.