2017 Economic Calendar
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Wholesale Trade  
Released On 6/9/2017 10:00:00 AM For Apr, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Inventories - M/M change0.2 %0.1 %-0.3 %-0.3 % to 0.4 %-0.5 %

In yet another negative for second-quarter GDP, wholesale inventories fell a sharper-than-expected 0.5 percent in April. The draw is centered in autos but also includes other durable goods and nondurable goods as well. Sales at the wholesale level were weak, down 0.4 percent in the month and justifying the inventory draw. The wholesale stock-to-sales ratio holds unchanged at a still lean 1.28.

Careful inventory management is a plus for the economy but in this case points to caution. When combined with a sizable draw in retail inventories and only a small build for factory inventories, today's data point to the first draw in total business inventories since October last year (inventory draw is a negative in the GDP calculation). Final and revised inventory data for April will be released next week with the business inventories report.

Consensus Outlook
Wholesale trade inventories are expected to decline 0.3 percent in line with advance data that also came in at minus 0.3 percent. Inventories moved lower in April in a possible signal of business caution and a certain negative for second-quarter GDP.

Wholesale trade measures the dollar value of sales made and inventories held by merchant wholesalers. It is a component of business sales and inventories.  Why Investors Care

2017 Release Schedule
Released On: 1/102/93/84/75/96/97/118/99/810/611/912/8
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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