2018 Economic Calendar
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Business Inventories  
Released On 10/15/2018 10:00:00 AM For Aug, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Inventories - M/M change0.6 %0.7 %0.5 %0.3 % to 0.7 %0.5 %

Highlights
Constructive inventory growth looks to be a major plus for third-quarter GDP. Business inventories rose 0.5 percent in August with July's build revised 1 tenth higher to an even stronger 0.7 percent. Relative to sales, inventories remain lean, at a sales-to-inventory ratio of 1.34 which is unchanged from July. Business sales rose 0.5 percent in August and, at a year-on-year plus 7.8 percent, remain well ahead of inventory growth which is at 4.2 percent.

Consensus Outlook
A solid 0.5 percent increase is the consensus for August business inventories, a constructive build that would contribute solidly to third-quarter GDP and could help narrow the gap with underlying sales which have been very strong.

Definition
Business inventories are the dollar amount of inventories held by manufacturers, wholesalers, and retailers. The level of inventories in relation to sales is an important indicator of the near-term direction of production activity.  Why Investors Care
 
[Chart]
Inventories relative to sales, as tracked by the inventory-to-sales ratio, tend to fall when sales are strong and tend to rise when sales are weak. A low reading for the ratio indicates that inventory conditions are lean while a high reading may indicate that inventory growth is unwanted.
Data Source: Haver Analytics
 
 

2018 Release Schedule
Released On: 1/122/143/144/165/156/147/168/159/1410/1511/1512/14
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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