US Inventories
Forex News: US Wholesale Inventories up 1.1% but Sales up 2.8%
Posted by Greg Michalowski on Fri, 08/08/2008 - 9:04am in
Although inventories are up the sale are up by a greater amount. The combination has moved the stockpiles of inventories to the lowest level on record. The stockpiles are at 1.06 months.
Forex News: Inventories were higher than expected at 0.6% in December
Posted by Greg Michalowski on Wed, 02/13/2008 - 10:30am in
The US inventories were greater than expected at 0.6%. Inventories (whether voluntary or not) are a net addition to the GDP calculation. According to some economists calculation, the 0.6% increase for December will raise GDP for the 4th quarter by 0.1% in the revision. On the downside, the downward revisions to retail sales and construction for December should subtract 0.3% from Q4 growth. As a result, the net effect to 4th quarter GDP should be a decline of 0.2% to 0.4% for the quarter.
Economic Calendar
