2018 Economic Calendar
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Wholesale Trade  
Released On 3/9/2018 10:00:00 AM For Jan, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Inventories - M/M change0.4 %0.7 %0.7 %0.5 % to 0.7 %0.8 %

Inventories in the wholesale sector had not been keeping pace with sales which had been very strong and which helps to explain January's large 0.8 percent build. The gain compares with an advance estimate of 0.7 percent and a 0.7 percent build in December which is now revised 3 tenths higher.

Though sales in the wholesale sector have been strong, they fell back 1.1 percent in January which also helps explain the month's large build. The sales drop reflects a 1.4 percent drop in durables which included a 0.5 percent decline for autos where retail sales have been weak. The overall sales drop raises the sector's stock-to-sales ratio to 1.26 from 1.23 and points to less inventory building ahead.

But year-on-year inventories are still lean, up 4.8 percent for the sector vs a sales gain of 6.7 percent. And for January, today's build together with a preliminary build of 0.8 percent build for retailers and a 0.3 percent build in durables at manufacturers points to a fast start for the inventory component of first-quarter GDP.

Consensus Outlook
January wholesale trade inventories are expected to rise 0.7 percent in line with advance data which also rose 0.7 percent. Inventory build slowed in the fourth quarter but looks to be gaining renewed steam in the first quarter.

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

2018 Release Schedule
Released On: 1/102/93/94/105/96/87/118/99/1110/1011/912/7
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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