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.
Wholesale inventories 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.
Wholesale inventories now look poised for a smaller $5 (was $12) B downward bump in Q1.
