2018 Economic Calendar
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Wholesale Trade  
Released On 12/7/2018 10:00:00 AM For Oct, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Inventories - M/M change0.4 %0.7 %0.7 %0.4 % to 0.7 %0.8 %

Highlights
Wholesale inventories open the fourth quarter with a strong 0.8 percent build which will prove a plus for fourth-quarter GDP. And a strong upward revision to September, now at 0.7 percent, will be a plus for the next revision of third-quarter GDP.

Yet the pace of future builds may be limited given soft sales totals the last two reports, down 0.2 percent in October and up only 0.1 percent in September. Looking at year-on-year rates, inventory growth and sales growth are evenly matched, at respective growth rates of 6.9 and 6.8 percent.

The rise in inventories and the drop in sales pulls up the stock-to-sales ratio to 1.28 from 1.27 and 1.26 in September and August, offering another indication that inventories at wholesalers are becoming perhaps too heavy.

Consensus Outlook
Wholesale inventories, which have been lean relative to sales, are expected to rise 0.7 percent in October which would be unchanged from the month's advance reading.

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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