• Prior month 3.5% revised to 2.9%
• Wholesale sales (excluding certain categories) dropped -2.8% to $80.5 billion versus expectations for a decline of -4.2%
• May’s increase was the largest since June 2020.
• Most subsectors reported a decline in sales.
• The drop in sales was primarily driven by the miscellaneous, machinery, equipment and supplies, and the motor vehicle subsectors.
• These subsectors had seen a sales surge in May.
• Year-over-year, wholesale sales (with exclusions) decreased by -0.4% compared to June 2022.
• Data on petroleum products and oilseed and grain remain available in tables but are excluded from monthly analysis until historical data is ready.
• Constant dollar sales (with exclusions) declined by -3.7% in June 2023.

Details show:

• Miscellaneous subsector sales decreased by -7.3% to $10.3 billion in June.

  • Four of seven industry groups saw a monthly increase.
  • The agricultural products industry group’s sales dropped -19.4% to $3.3 billion in June, affecting the overall subsector.
  • This decline followed a sales surge in May due to confirmed deliveries and seasonal demand.

• Machinery, equipment and supplies subsector sales fell -4.2% to $17.8 billion in June.

  • This followed a significant rise in May, the largest since June 2020.
  • Most industry groups reported a monthly sales decline in June 2023.
  • The other machinery, equipment and supplies industry group saw a decrease of -8.9% to $4.2 billion.
  • The construction, forestry, mining, and industrial machinery group dropped -6.0% to $5.9 billion.
  • Both groups had a sales surge in May due to high equipment demand.

• Motor vehicle, parts and accessories subsector sales went down 3.1% to $13.2 billion in June.

  • The motor vehicles industry group’s sales decreased by -4.3% to $10.6 billion.
  • This decline followed a record sales high in May for this subsector.