US wholesale sales for July -1.4% vs. 1.4% estimate

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US wholesale sales for July -1.4% vs. 1.4% estimate

<ul><li>Prior month for wholesale sales +1.8%. Wholesale inventories +1.9%</li><li>wholesale sales for July -1.4% vs. +1.4% estimate</li><li>wholesale inventories for July 0.6% vs. 0.8% estimate</li><li>the wholesale sales are not adjusted for prices.</li><li>Wholesale sales were up 15.3% from the revised July 2021 level</li><li>total inventories were up 25% from the revised July 2021 level</li><li>the inventory to sales ratio came in at 1.29 up sharply from the July 2021 ratio of 1.19 as inventories are replenished over the last year, </li></ul><p>Looking at the inventory to sales ratio, the replenishment of the inventories has move back into the pre-pandemic levels between about 1.24 to 1.39. If sales decrease in inventories continue to rise, that would be good news for inflationary pressures.</p><p>/<a href="https://www.forexlive.com/terms/i/inflation/" target="_blank" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa_1" class="terms__main-term">Inflation</a></p>

                This article was written by Greg Michalowski at forexlive.com.

Source: US wholesale sales for July -1.4% vs. 1.4% estimate

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