2017 Economic Calendar
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Business Inventories  
Released On 9/15/2017 10:00:00 AM For Jul, 2017
PriorConsensusConsensus RangeActual
Inventories - M/M change0.5 %0.2 %0.1 % to 0.3 %0.2 %

Business inventories rose 0.2 percent in July as was expected with a 0.6 percent build for wholesalers and a 0.2 percent build for manufacturers offsetting a 0.1 percent draw for retailers. Relative to business sales, which also rose 0.2 percent in the month, the inventory-to-sales ratio is unchanged at a lean 1.38. Inventory levels were well balanced going into the hurricane dislocations of August and September.

Consensus Outlook
Business inventories have been climbing in line with expectations for future sales but nevertheless ahead of current sales. Another build is expected for July but only a moderate one with the consensus at a 0.2 percent increase. Inventories were neutral in second-quarter GDP and a big build in July could further lift expectations for third-quarter GDP.

Business inventories are the dollar amount of inventories held by manufacturers, wholesalers, and retailers. The level of inventories in relation to sales is an important indicator of the near-term direction of production activity.  Why Investors Care
Inventories tend to rise when economic conditions are strong since sales are rising at the same time, the inventory-to- sales ratio may remain stable, or rise at a very slow pace. Inventories tend to when economic conditions are weak since sales are falling at the same time, the inventory-to-sales ratio may remain relatively stable. The I- S ratio then begins to rise as sales fall more quickly than inventory growth.
Data Source: Haver Analytics

2017 Release Schedule
Released On: 1/132/153/154/145/126/147/148/159/1510/1311/1512/14
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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