Total inventories of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations but not for price changes, were $632.4 billion at the end of June, up 0.1 percent from the revised May level. Total inventories were up 5.1 percent (±3.9 percent) from the revised June 2017 level. The May 2018 to June 2018 percent change was revised from the advance estimate of virtually unchanged to up 0.1 percent.

The June inventories/sales ratio for merchant wholesalers, except manufacturers' sales branches and offices, based on seasonally adjusted data, was 1.25. The June 2017 ratio was 1.31.