USA Retail Sales - MoM
|Latest Release:||11-12-2014 13:30:00|
|Next Release:||29-10-2013 12:30:00|
|Source:||US Census Bureau|
US business inventories rose steadily in July, offering yet another sign the overall economy was improving in the second half of the year, but probably not enough to change the view that inventory accumulation could weigh on third quarter GDP growth.
Business inventories â an indicator of stockpiles held by manufacturers, retailers and wholesalers that is used to calculate gross domestic product â increased 0.4 percent in July to $1,750.1 billion, following an identical increase the previous month, the Commerce Department reported today in Washington. The reading was in line with the consensus estimate. Compared to July 2013, business inventories were up 5.9 percent.
Changes in business inventories, which reflect the smallest component of GDP, signal changes in aggregate demand, a key indicator of future economic activity.
Business sales also appreciated in July, official data showed. The combined value of distributive trade sales and manufacturersâ shipments rose 0.8 percent to $1,360.3 billion. This translated into an annualized gain of 5.3 percent.
The inventory-to-sales ratio at the end of July was 1.29, little changed from the year-ago ratio of 1.28.
Retailers registered the largest increase in inventories at 1 percent. Compared to July 2013, retail inventories were up 6.6 percent.
Retail inventories excluding...
Forex » US Consumer Confidence RisesPosted Sep 12th, 2014 at 05:36 PM
As the US economy heads for growth in the region of 3.5% this year there has been a broad update in economic statistics today that largely confirm everything remains on track. The headline metric is...
Forex » US retail sales rebound in AugustPosted Sep 12th, 2014 at 01:14 PM
US retail sales rose in August at the fastest rate in four months, adding further evidence the US economy was expanding robustly in the third quarter. Retail sales advanced 0.6 percent in August...
Forex » Canadian Dollar Plummets as Weak Job Numbers WeighPosted Sep 8th, 2014 at 06:03 PM
The Canadian dollar fell to a nearly two-week low on Monday, as last weekâs disappointing jobs report overshadowed a surprise surge in July building permits. The loonie, as the Canadian...
Forex » AUD/USD holds 0.93, but outlook still negativePosted Aug 18th, 2014 at 06:36 AM
The Australian dollar was little changed against its US counterpart in Mondayâs Asian session, as weaker than forecast US data kept demand for the greenback in check. However, the outlook on the...
Business » US Business Inventories to Reveal Insights about...Posted Aug 12th, 2014 at 07:28 PM
US business inventories rose steadily in June, forecasters say, reaffirming the view the economy expanded at a sharper pace in the second quarter ahead of revised GDP figures later this month....
Analysis and Opinion » Light Data Weeks Could be Drive by GeopoliticsPosted Aug 11th, 2014 at 11:19 AM
Markets are usually subdued during mid-August but there has been no lack of stress in the markets these days, which is simultaneously impacting and distracting from fundamentals. Though growth...
|Forex Broker Spreads »|
|Most Popular Articles »|
- Checkpoint Systems Enables Retailers to Use Same RFID Label for Four Apparel Categories, Including Footwear, to Streamline Source Tagging 6 views
- Spanish Retail Sales Numbers Improve 3 views
- Canadian Retail Sales Could Show Modest Improvement in February 3 views
- Ensco plc Schedules First Quarter 2015 Earnings Release and Conference Call 2 views
- Canadian Employers Shed 7,000 Jobs in February 1 view
- New Measures To Control UK House Price Growth 1 view
- Engulfing Pattern Paints Ominous Picture for Large Cap Stocks 1 view
- US dollar inches higher in light trade 1 view
- Intel Slides on Light Outlook 1 view
- Mixed Data has Created Risk Aversion 1 view