U.S. wholesale sales rose +1.0% MoM and +5.2% YoY in December 2025, signaling steady demand growth.

• Merchant wholesaler sales reached $722.1B (+1.0% MoM) after November’s revised +1.4% MoM increase, extending the recent upward trend in activity.

• On a YoY basis, sales were +5.2%, indicating stronger turnover compared with December 2024 levels.

• Total wholesale inventories increased to $918.0B (+0.2% MoM), showing modest stock accumulation alongside rising sales.

• Durable goods inventories increased 0.4% MoM, well short of sales growth of 1.7% MoM, and nondurable goods inventories were up 0.1% MoM, also short of sales growth in that segment of 0.4% MoM.

• Inventories were +2.9% YoY, a slower pace than sales growth, implying inventory expansion lagged demand over the year.

• The inventories-to-sales ratio fell to 1.27 (Dec 2024: 1.30), indicating relatively leaner inventories relative to sales volumes.

• The October to November sales gain was revised up to +1.4% MoM (from +1.3%), reinforcing the recent strengthening in wholesale trade activity.