Despite a sluggish month for wholesalers, the news index is at 42.9 percent, indicating that a growing proportion of the news released by the government in the Principal Federal Economic Indicator reports has been good so far in June.
April 2009 sales of merchant wholesalers were $309.4 billion, down 0.4 percent from last month. End-of-month inventories were $405.4 billion, down 1.4 percent from last month. The wholesalers’ inventory-to-sales ratio ticked down to 1.31 from 1.32. (Bad. Not enough good news to nudge this to a mixed from the prima facie bad of a further decline in sales in the wholesalers’ channel.)
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