ASA distributor members report 30.8% increase in sales in May compared to one year ago
Respondents reported yet another steep increase of 30.8% in average sales for May 2021 vs. May 2020. Inventories rose a whopping 18.9% for May 2021 compared to a year ago, a notable increase from even April 2021 which was 14.9%. The median three-months days sales outstanding increased to 41.2 days in April, as compared to 39.2 days in April of 2021.
The number of respondents showing a decrease in gross margin remained the same as in May 2021 as April 2021which is 16.7%.