Wholesale Inventories are expected today at 10:00 AM EST. Wholesale Inventories had increased by 1.0% in December to the $430.5 billion level and were up by 10.5% from a year ago. Wholesale Sales had increased by 0.4% in December to $371.5 billion and were up 11.6% over the year. Sales of durable goods increased 1.3% while sales of nondurable goods were down 0.3% over the month. The Inventory/Sales ratio was at 1.16, lower than the 1.17 ratio in December of 2009.
Crude inventories are expected today at 10:30 AM EST. For the week ending February 25, U.S. commercial crude oil inventories had decreased by 0.4 million barrels from the previous week to 346.4 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged nearly 13.8 million barrels per day during this period, 263 thousand barrels per day above the previous week’s average. U.S. crude oil imports were averaging 8.0 million barrels per day, down by 96 thousand barrels per day from the previous week.
Upcoming Releases
Wholesale inventories (03/09 at 10:00 AM EST)
Crude Inventories (03/09 at 10:30 AM EST)
Trade Balance (03/10 at 8:30 AM EST)
Initial Claims (03/10 at 8:30 AM EST)
