Wholesale Inventories increased by 0.8% in August to $409.4 billion, higher than the expected 0.5% increase, following an increase of 1.5% in July, and are up by 5.0% from a year ago. Wholesale Sales had increased by 0.5% in August to $352.4 billion and were up 12.4% over the year. Sales of durable goods were up 0.5% and sales of nondurable goods were also up 0.5% over the month. The Inventory/Sales ratio was at 1.16, lower than the 1.24 ratio in August of 2009.
Upcoming Releases
FOMC Minutes (10/12 at 2:00 PM EST)
Crude Inventories(10/13 at 10:30 AM EST)
Treasury Budget (10/13 at 2:00 PM EST)
Initial Claims (10/14 at 8:30 AM EST)
FOMC Minutes (10/12 at 2:00 PM EST)
Crude Inventories(10/13 at 10:30 AM EST)
Treasury Budget (10/13 at 2:00 PM EST)
Initial Claims (10/14 at 8:30 AM EST)