2012 Economic Calendar
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Wholesale Trade  
Released On 7/11/2012 10:00:00 AM For May, 2012
PriorPrior RevisedConsensusConsensus RangeActual
Inventories - M/M change0.6 %0.5 %0.3 %-0.2 % to 0.5 %0.3 %

Inventories at the wholesale level rose 0.3 percent in May, a moderate gain but one that compares negatively with a 0.8 percent decline in wholesale sales which is the first decline since May last year. The mix makes for the first rise this year in the wholesale stock-to-sales ratio, up to 1.18 vs April's 1.17. But the decline in sales is centered in non-durable goods including petroleum, where prices have been moderating very quickly, and also drugs where a heavy brand-to-generic shift is trimming dollar totals. Last week's factory orders report shows a paring down of inventories and despite the rise in inventories relative to sales at the wholesale level, the nation's businesses appear to be keeping their inventories well managed.

Consensus Outlook
Wholesale inventories rose 0.6 percent in April, well below a 1.1 percent jump in sales at the wholesale level. The smaller rise in inventories was not enough to bring the stock-to-sales ratio down, at least to two decimal places. The ratio was steady for a seventh straight month at a lean 1.17. Turning to sales, April's jump was concentrated in farm products and petroleum products, two volatile categories subject to price swings. Sales of durable goods at the wholesale level rose only 0.1 percent.

Wholesale trade measures the dollar value of sales made and inventories held by merchant wholesalers. It is a component of business sales and inventories.  Why Investors Care

2012 Release Schedule
Released On: 1/102/93/94/105/96/87/118/99/1210/1011/912/11
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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