U.S. Wholesale Inventories Growth in August Revised Lower
FROM THE WIRE · SEEKINGALPHA.COM
[Black Warehouse Worker Walking Through Aisle Examining Shelf Inventory.] Wholesale inventories rose 0.5% to $964.2B in August, compared with the 0.7% growth recorded in the advance reading and +1.4% to $959.8B in July (revised from +1.3% M/M to $958.9B), according to…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralWholesale inventory growth revised down to 0.5% from 0.7%, indicating softer demand and better inventory management.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Wholesale inventories rose 0.5% to $964.2B in August, revised down from initial 0.7% growth.
- 02Merchant wholesaler sales increased 1.8% month-over-month and 15.6% year-over-year.
- 03Inventories-to-sales ratio improved to 1.18 from 1.28 year-ago, signaling better inventory management.