Track US Prelim Wholesale Inventories m/m to gauge future business spending trends.
This serves as an indicator of upcoming business investment, as companies are more inclined to acquire goods once their inventories have been reduced. There are two iterations of this report published approximately a week apart — the Preliminary and Final versions. The Preliminary report, first issued in August 2016, is the earliest and generally has the most significant impact.
What it Measures
Change in the total value of goods stored in wholesalers' inventories.
Usual Effect
When the 'Actual' is lower than the 'Forecast,' it is favorable for the currency.
Source & Frequency
Census Bureau (latest release) - https://www.census.gov/ • Published monthly, roughly 28 days after the conclusion of the month.
How Data is Derived
N/A
Also Known As
Advance Economic Indicators
Acronym
N/A