2017 Economic Calendar
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Wholesale Trade  
Released On 9/8/2017 10:00:00 AM For Jul, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Inventories - M/M change0.7 %0.6 %0.4 %0.2 % to 0.4 %0.6 %

Wholesalers have been stockpiling goods in what is probably a sign of confidence. Inventories in the group rose 0.6 percent for a second straight month with July's data showing big builds for electrical goods, metals, and machinery which all point to confidence in business investment and construction. But wholesalers did ease their build of vehicles in what may be another signal of doubts in the auto sector. The build among wholesalers is well beyond current sales which edged 0.1 percent lower in July to lift the inventory-to-sales ratio to 1.30 from 1.29.

Today's report points to a gain for next week's business inventories report which will also include factory inventories, where early July indications point to a build, and also retail inventories where the advance reading showed a small draw. Inventories were neutral for second-quarter GDP and a build in July would get the third quarter off to a good start.

Consensus Outlook
Wholesale trade inventories are expected to rise 0.4 percent, matching July's advance estimate. Wholesalers, after keeping their inventories down early in the year, began to restock, and significantly, in April.

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

2017 Release Schedule
Released On: 1/102/93/84/75/96/97/118/99/810/611/912/8
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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