Highlights of the September 2015 US wholesale inventories data report 10 November 2015

  • Prior 0.1%. Revised to 0.3%
  • Sales 0.5% vs 0.1% exp. Prior -1.0%. Revised to -0.9%
  • Inventory/sales ration 1.31 unch

Bit of a switch around from last month in sales which all fell. All bar petroleum rose this month

Inventories put on their biggest gain in three months and put the Q3 numbers above estimates used in the preliminary GDP numbers. They estimated that inventories knocked off 1.44 percentage points from GDP

USDJPY is softer to 123.30 from 123.44 following the data

US wholesale inventories