Luis Alvarez
July Wholesale Inventories: +0.1% M/M to $908.1B, vs. forecast of +0.2% and +0.1% prior, in response to knowledge launched by the U.S. Census Bureau on Wednesday.
Complete inventories have been up 1.3% from the revised July 2024 stage.
Wholesale commerce gross sales: +1.4% vs. +0.7% prior (revised from +0.3%).
The July inventories/gross sales ratio, based mostly on seasonally adjusted knowledge, was 1.28, vs. 1.34 in July 2024.
