Business Inventories increased by 1.0% in July to $1,375.7 billion, higher than the consensus estimate of a 0.8% increase. Business inventories had increased by 0.5% in June, and currently stand 2.4% more than July 2009 levels. The inventories/sales ratio was 1.26 at the end of July, compared to 1.35 recorded a year ago.
Upcoming Releases
Industrial Production (09/15 at 9:15 AM EST)
Crude Inventories (09/15 at 10:30 AM EST)
Initial Claims (09/16 at 8:30 AM EST)
PPI (09/16 at 8:30 AM EST)
Crude Inventories (09/15 at 10:30 AM EST)
Initial Claims (09/16 at 8:30 AM EST)
PPI (09/16 at 8:30 AM EST)
