Analysts expect a Q2 GDP growth trimming to 1.9% from 2.1%, with an $1 B trimming for retail inventories, alongside a $1 B hike for factory inventories but a -$5 B trimming for wholesale inventories
that leaves a -$5 B revision for inventories overall.
* Wholesale inventories
report for June is schedule for released at 10:00 a.m.
Manufacturing inventories gained 0.3 percent, and wholesale inventories
advanced 0.8 percent.
WASHINGTON: US wholesale inventories
were unchanged in July as previously reported and sales recorded their biggest drop in six months, suggesting a modest boost to third-quarter economic growth from inventory investment.
The firm is a specialised, hands-on provider of asset monetisation solutions focused on the acquisition and disposition of retail and wholesale inventories
, as well as healthcare and industrial machinery and equipment, for businesses seeking to continue operations or sell assets as a going concern.
increased 0.3 percent to $484.1 billion, in line with economists' forecast, the Commerce Department said Wednesday.
A second Commerce Department report showed US wholesale inventories
rose more than expected in April.
Summary: WASHINGTON - US wholesale inventories
rose more than expected in April, as durable goods stocks grew the most in nearly a year, a US Commerce Department report showed on Friday.
The Commerce Department said that wholesale inventories
fell 0.2% in January after dropping 1% in December.
The positive jobs data gave stocks a boost, but the gains were eroded by a jump in wholesale inventories
and more evidence of subprime mortgage problems.
now look poised for a smaller $5 (was $12) B downward bump in Q1.