Last Update: 08-Aug-19 10:18 ET
inventories were unchanged in June (Briefing.com consensus 0.2%) on top of an unrevised
0.4% increase in May. Wholesale sales decreased 0.3% in June after decreasing a
revised 0.6% (from +0.1%) in May.
- On a year-over-year basis, total sales were down
0.2% while total inventories were up 7.6%.
- Durable inventories increased 0.3% in June,
driven by a 2.0% increase in professional equipment inventories and a 1.7%
increase in computer equipment inventories. Nondurable inventories decreased
0.4% in June, driven by a 2.1% decrease in drug inventories.
- The inventories-to-sales ratio increased to 1.36
in June from 1.35 in May. In the same period a year ago, the ratio stood at
- The key takeaway from the June report and the May revision is
that the gap between inventory growth and sales growth is widening, which
should exert some pressure on prices.