2018 Economic Calendar
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Business Inventories  
Released On 9/14/2018 10:00:00 AM For Jul, 2018
PriorConsensusConsensus RangeActual
Inventories - M/M change0.1 %0.5 %0.2 % to 0.6 %0.6 %

Highlights
Business inventories start the third-quarter very strong, rising 0.6 percent in July following only a 0.1 percent build in June. Inventories at manufacturers rose 0.8 percent with strong builds also posted by wholesalers and retailers. Inventories are beginning to catch up with underlying sales which rose only 0.2 percent in July though the year-on-year spread is still out of balance, at 4.3 percent for inventories vs 8.1 percent for sales. The need to build inventories looks to be a major positive for GDP and a major positive for production and employment.

Consensus Outlook
A large 0.5 percent rise is the consensus for business inventories in July, a constructive build that would help narrow the gap with underlying sales which have been very strong.

Definition
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
 
[Chart]
Inventories relative to sales, as tracked by the inventory-to-sales ratio, tend to fall when sales are strong and tend to rise when sales are weak. A low reading for the ratio indicates that inventory conditions are lean while a high reading may indicate that inventory growth is unwanted.
Data Source: Haver Analytics
 
 

2018 Release Schedule
Released On: 1/122/143/144/165/156/147/168/159/1410/1511/1512/14
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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