2018 Economic Calendar
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Wholesale Inventories [Advance]  
Released On 8/28/2018 8:30:00 AM For Jul, 2018
PriorPrior RevisedConsensusConsensus RangeActual
M/M % change0.0 %0.1 %0.2 %-0.1 % to 0.4 %0.7 %

Highlights
Wholesale inventories spiked 0.7 percent in July and were led solidly by a 0.9 percent rise in durable goods. This result together with a 0.4 percent build in retail inventories (also released this morning) point to a very fast start for third-quarter inventories which were very negative in the second quarter, pulling down the quarter's growth by 1.0 percentage point. Given that inventories were very lean going into the quarter, today's news is not only positive for GDP but also for production and employment as businesses, meeting strong demand, restock warehouses and shelves.

Consensus Outlook
Wholesale inventories are expected to rise 0.2 percent in July vs a 0.1 percent build in June (revised from no change in the advance reading). Inventories have been low relative to sales.

Definition
Wholesale inventories measure the monthly dollar value of inventories held by merchant wholesalers and are tracked to gauge inventory change in quarterly GDP. The advance report is released late in the month for the following month and is part of the Monthly Advance Economic Indicators report (which also includes data on retail inventories and international trade in goods). Final monthly data for wholesale inventories are released about two weeks later with the Wholesale Trade report which also includes initial monthly data on wholesale sales.  Why Investors Care
 

2018 Release Schedule
Released On: 1/262/273/284/265/306/277/268/289/2710/2511/2812/28
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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