2018 Economic Calendar
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Wholesale Trade  
Released On 8/9/2018 10:00:00 AM For Jun, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Inventories - M/M change0.6 %0.3 %0.0 %0.0 % to 0.0 %0.1 %

Highlights
Wholesale inventories inched up by just 0.1 percent in June yet still beat the Econoday consensus expecting a flat reading, while also surprisingly outpacing sales, which were down 0.1 percent from May. The stock-to-sales ratio nevertheless remained unchanged on the month at 1.25 but down year-on-year from 1.31. Sales gains continue to outpace inventory increases by a large margin year-on-year, posting a 10.2 percent gain compared to a 5.1 percent rise for inventories.

Holding back inventory increases in June were autos, where stocks fell 1.2 percent, putting the year-on-year gain at 0.2 percent, while auto sales rose 0.4 percent on the month, taking the year-on-year sales gain to 10.2 percent.

Non-durables were also a drag, declining 1.0 percent on the month while sales dropped 0.3 percent. Year-on-year inventories of non-durables were up 6.2 percent while sales were up 10.6 percent.

Ex-auto, inventories were up 0.2 percent in June thanks to a 0.8 percent rise in durables, which meanwhile saw a 0.2 percent increase in sales. Year-on-year, inventories of durables were up 6.2 percent while sales rose 9.9 percent.




Consensus Outlook
Wholesale inventories are expected to come in unchanged in June, in line with the previously posted advance estimate. Inventory levels have fallen behind demand and need to rise faster.

Definition
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
 
 

2018 Release Schedule
Released On: 1/102/93/94/105/96/87/118/99/1110/1011/912/7
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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