Wholesale Inventories are expected today at 10:00 AM EST. Wholesale Inventories had decreased by 0.8% in December to the $383.6 billion level and were down 10.2% from a year ago. Wholesale Sales had increased by 0.8% in December to $341.2 billion. Sales of durable goods were up by 3.0% and sales of nondurable goods were down 0.8% over the month. The Inventory/Sales ratio was at 1.12, compared to 1.32 recorded a year ago.
Crude inventories are expected today at 10:30 AM EST. For the week ending February 26, U.S. commercial crude oil inventories had increased by 4.1 million barrels from the previous week to 341.6 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 14.1 million barrels per day during this period, 33 thousand barrels per day below the previous week’s average. U.S. crude oil imports were averaging 9.2 million barrels per day, up 152 thousand barrels per day from the previous week.
Today at 2:00 PM EST, the Department of Treasury will release the balance of the Treasury Budget for February, with an anticipated deficit of $208.4 billion, following the reported $42.6 billion deficit in January.
Upcoming Releases
Wholesale Inventories (03/10 at 10:00 AM EST)
Crude Inventories (03/10 at 10:30 AM EST)
Treasury Budget (03/10 at 2:00 PM EST)
Initial Claims (03/11 at 8:30 AM EST)
