Wholesale sales continued to rebound in June, jumping 18.5% to $62.1 billion, building on a 5.8% gain in May. The increase in June returned wholesale sales to near pre-pandemic levels. All seven subsectors recorded higher sales for the first time since November 2017. In dollar terms, the motor vehicle and motor vehicle parts and accessories subsector led the growth. Excluding this subsector, wholesale sales increased 10.2%. Wholesale sales volumes were up 18.8%. Wholesale sales rose by $9.7 billion as large parts of the economy reopened. Sales in June were $2.5 billion below February's pre-COVID-19 levels, an ... (full story)