- Prior 0.3%
- Enterprise inventories 0.4% vs 0.3% anticipated
- Retail inventories ex-autos 0.5% vs 0.2% final month
Gross sales:
- July distributive commerce gross sales and producers’ shipments: $1,880.7 billion
- Improve from June 2024: 1.1%
- Improve from July 2023: 2.9%
Inventories:
- July producers’ and commerce inventories: $2,574.9 billion
- Improve from June 2024: 0.4%
- Improve from July 2023: 2.5%
Inventories/Gross sales Ratio:
- July 2024 ratio: 1.37
- July 2023 ratio: 1.37
The Stock to gross sales ratio is again inside the pre-Covid vary after the Covid volatility in 2020 and 2021 (and into early 2022). That appears to be the candy spot.
This text was written by Greg Michalowski at www.forexlive.com.
