US Wholesale Inventories Rise On Waning Demand as Sales Plunge
US Wholesale Inventories Rise On Waning Demand as Sales Plunge
US wholesale inventories jumped 0.8 percent in August, as foreign and domestic demand wanes. Indeed, the ratio of inventory to sales hit 1.1, the highest since March as nearly every component showed building supply levels along with weaker sales. In fact, wholesale sales contracted for the […]
Trade Desk Thoughts - Existing Home Sales
Trade Desk Thoughts - Existing Home Sales
Existing Home Sales (August) Actual 4.91M, Expected 4.93M, Previous 5.02M (Revised from 5.0M)
Release Explanation: Annualized number of existing residential buildings that were sold during the previous month, excluding new construction. They include both quantity and price statistics. Important since the housing market is included in most economic forecasts. Retail […]
Gain in Canadian Nominal Retail Sales Muted
Gain in Canadian Nominal Retail Sales Muted
Nominal retail sales rose 0.1% in July compared to market expectations of a 0.3% gain. Disappointment with the minimal gain was tempered somewhat by a slight upward revision to sales growth in June to 0.6% from a previously estimated 0.5%. In contrast to past months, rising prices played a […]