2017 Economic Calendar
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Business Inventories  
Released On 10/13/2017 10:00:00 AM For Aug, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Inventories - M/M change0.2 %0.3 %0.7 %0.3 % to 0.7 %0.7 %

Business inventories rose 0.7 percent as expected in August, matching the 0.7 percent rise in business sales and keeping the inventory-to-sales ratio at a steady and lean 1.38 for the 3rd month in a row. Wholesalers showed the largest build in the month, at 0.9 percent, followed by retailers at 0.7 percent and manufacturers at 0.4 percent. This is a balanced and very favorable report, indicating that inventory growth, which is a positive for GDP, is rising strongly and in line with underlying demand.

Consensus Outlook
Business inventories climbed in advance data as companies tried to keep up with rising sales during August. After a modest 0.2 percent July build, business inventories are expected to rise by 0.7 percent in August led by unusual strength at the wholesale level.

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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