Whole­sale In­ven­to­ries Rise Slower Than Last Es­ti­mate

The Bond Buyer - - Market News -

The value of whole­sale in­ven­to­ries rose 0.9% in Au­gust, a down­ward ad­just­ment from the 1.0% gain es­ti­mated in the ad­vance es­ti­mate, while whole­sale sales rose 1.7%, data re­leased Friday by the U.S. Com­merce Depart­ment showed.

Look­ing ahead to busi­ness in­ven­to­ries re­port to be re­leased on Oc­to­ber 13, the track­ing looks pos­i­tive for both busi­ness in­ven­to­ries and busi­ness sales.

The ad­di­tion of the 0.9% gain for whole­sale in­ven­to­ries re­ported Friday in­di­cates a 0.7% in­crease in busi­ness in­ven­to­ries when that data is re­leased, as­sum­ing no re­vi­sion to the 0.7% in­crease re­ported for re­tail in­ven­to­ries in the ad­vance es­ti­mate.

On Thurs­day, fac­tory in­ven­to­ries were re­ported up 0.4% for Au­gust.

With the rise in Au­gust whole­sale in­ven­to­ries, but the larger in­crease in whole­sale sales, the in­ven­tory/sales ra­tio fell to 1.28 from 1.29 in July, hit­ting its low­est since De­cem­ber 2014.

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