Wholesale Inventores Decline in June

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Economic Update: Wholesale Inventories

The Commerce Department reported that Wholesale Inventories fell by -0.2% in June, which below the consensus estimate for an increase of +0.4% and below May’s revised reading of +0.0% (from +0.3%).

For reference:

• April: +0.5
  
• March: +0.03%
  
• February: +0.9%
  
• January: +0.6%
  
• December: +1.0%
  
• November: +0.0%
  
• October: +1.6%

Why do you care about this report? Because inventories are part of the all-important GDP calculations.

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Other stories on the US Economy to review:

• Q2 Worker Productivity and Labor Costs Rise
  
• ISM Services Perks Up
  
• Job Growth Improves in July
  
• Factory Orders Miss Mark in June
  
• Challenger Planned Job Cuts Drop in July
  
• ISM Manufacturing Still Sub-50 in July
  
• ADP Employment Report Surprises to Upside in July
  
• Consumer Confidence Perks Up in July, But...
  
• Chicago PMI Headline BTE, But Employment Dives
  
• Personal Income Up, Spending Flat in June
  
• GDP Slows to 1.5% in Q2
  
• Pending Home Sales Down in June
  
• Durable Goods Up on Transportation Orders
  
• Markit's Flash Manufacturing PMI Weakest in 19 Months
  
• Philly Fed Down Again in July
  
• LEI Falls Again in June
  
• Existing Home Sales Fall in June
  
• Housing Starts Higher, Permits Lower in June
  
• Industrial Production Above, Capacity Utilization Below Expectations
  
• CPI Shows Inflation Flat in June
  
• Empire Manufacturing Improves in July
  
• Retail Sales Disappoint in June
  
• PPI Up in June
  
• Import/Export Prices Down in June
  
• NFIB Small Business Optimism Index Pulls Back Again

 

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