Sep 11: Wholesale Inventories – Economic Highlights
Source: http://www.zacks.com/stock/news/24703/Sep+11%3A+Wholesale+Inventories+-+Economic+HighlightsPosted on Friday, September 11th, 2009 | In Stocks to Watch
Wholesale Inventories fell by 1.4% in July, nearly double the expected decline of 0.7%, to $387.2 billion, following a decrease of 2.1% in June, revised downward from a reported 1.7% decrease. Over the year, Wholesale Inventories are down by 12.8%. This figure gauges sales and inventory statistics from the second stage of the manufacturing process, which may change the aggregate inventory profile that has influence on GDP forecast. Wholesale Sales increased by 0.5% in July to $314.5 billion, and is down by 19.8% since July 2008. The inventory/sales ratio now stands at 1.23 compared to 1.13 12 months ago as the rate of decline in inventories was slower than the decline in sales.
Upcoming Releases
Treasury Budget (09/11 at 2:00 PM EST)
Retail Sales (09/15 at 8:30 AM EST)
PPI (09/15 at 8:30 AM EST)
Last 5 posts by Zacks Market Commentaries
- CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
- Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
- Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
- Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
- GameStop Meets Expectations - Analyst Blog - November 20th, 2009
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.