US wholesale sales for July -1.4% vs. 1.4% estimate

• Prior month for wholesale sales +1.8%. Wholesale inventories +1.9%
• wholesale sales for July -1.4% vs. +1.4% estimate
• wholesale inventories for July 0.6% vs. 0.8% estimate
• the wholesale sales are not adjusted for prices.
• Wholesale sales were up 15.3% from the revised July 2021 level
• total inventories were up 25% from the revised July 2021 level
• the inventory to sales ratio came in at 1.29 up sharply from the July 2021 ratio of 1.19 as inventories are replenished over the last year,

Looking at the inventory to sales ratio, the replenishment of the inventories has move back into the pre-pandemic levels between about 1.24 to 1.39. If sales decrease in inventories continue to rise, that would be good news for inflationary pressures.

/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term