December 2025 sales of merchant wholesalers were $722.1 billion, up 1.0 percent from the revised November level and were up 5.2 percent from the revised December 2024 level.

The October 2025 to November 2025 percent change was revised from the preliminary estimate of up 1.3 percent to up 1.4 percent.

Total inventories of merchant wholesalers were $918.0 billion at the end of December, up 0.2 percent from the revised November level. Total inventories were up 2.9 percent from the revised December 2024 level.

The November 2025 to December 2025 percent change was unrevised from the advance estimate of up 0.2 percent.

The December inventories/sales ratio for merchant wholesalers was 1.27. The December 2024 ratio was 1.30.