US: Wholesale inventories for Aug were estimated at $608.4 bln, up 1.0% from July 2017

Eren Sengezer FXStreet

"Wholesale inventories for August, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $608.4 billion, up 1.0 percent from July 2017, and were up 4.6 percent from August 2016," the U.S. Census Bureau said on Thursday.

Key quotes:

The June 2017 to July 2017 percentage change was unrevised at up 0.6 percent.
Retail inventories for August, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $625.0 billion, up 0.7 percent from July 2017, and were up 3.7 percent from August 2016.
The June 2017 to July 2017 percentage change was revised from down 0.1 percent to virtually unchanged.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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