US wholesale sales +1.1% vs +0.2% expected

  • US wholesale sales and inventories for July 2024
US wholesale sales
US wholesale sales
  • Prior was -0.6% (revised to -0.3%)
  • Inventories +0.2% vs +0.3% expected
  • Prior inventories -0.6%

This is a good number and points to some decent growth still ongoing in the US, note the revision higher as well. Inventories are a slight drag but if sales keep up, they will improve later.

Overall though, this is a low-tier indicator.

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