July 2015 US wholesale inventories and sales data report 10 September 2015
– Prior +0.9%. Revised to +0.7%
– Sales -0.3% vs +0.1% exp m/m. Prior +0.1%. Revised to +0.4%
Inventories can be a funny number to get to grips with. Increase and it’s seen as a positive move based on expected activity. Build too much and worries emerge that the demand isn’t there