Whole­sale In­ven­tory Value In­creases While Sales Slip

The Bond Buyer - - Market News -

The value of whole­sale in­ven­to­ries rose 0.6% in July, an upward ad­just­ment from the 0.4% gain es­ti­mated in the ad­vance es­ti­mate, while whole­sale sales fell 0.1%, the U.S. Com­merce De­part­ment said.

With the ad­di­tion of the 0.6% gain for whole­sale in­ven­to­ries re­ported Fri­day, an MNI cal­cu­la­tion in­di­cates a 0.2% in­crease in busi­ness in­ven­to­ries when it is re­leased, as­sum­ing no re­vi­sion to the 0.2% de­cline re­ported for re­tail in­ven­to­ries in the ad­vance es­ti­mate. The 0.1% de­crease for whole­sale sales off­sets a 0.3% in­crease for fac­tory ship­ments re­ported Sept. 5 and a 0.6% jump for re­tail trade sales from last month’s sales re­lease, adding up to a 0.3% in­crease for busi­ness sales.

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