- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
by Tom Moeller December 14, 2016
Total business inventories declined 0.2% during October (+0.4% y/y) following no change in September, revised from a 0.1% increase.
New data in this report showed that retail inventories declined 0.4% (+3.3% y/y) following no change. The decline was led by a 1.0% drop (-2.4% y/y) in furniture & electronics inventories. Motor vehicle inventories declined 0.7% (+7.9% y/y), while general merchandise inventories fell 0.6% (-2.8% y/y). Apparel inventories eased 0.1% (+0.5% y/y), but building materials inventories gained 0.3% (3.4% y/y). Wholesale inventories declined 0.4% (-0.4% y/y) and factory inventories were unchanged (-1.4% y/y).
Business sales increased 0.8% in October (2.1% y/y) as they did in the prior month. Retail sales increased 0.7% (4.1% y/y) while wholesale trade sales rose 1.4% (2.2% y/y). Factory shipments improved 0.4% both m/m and y/y.
The overall business inventory-to-sales ratio eased m/m to 1.37, and was down versus one year earlier. The retail I/S ratio fell to 1.47, while the ratio excluding autos also eased to 1.25. The wholesale sector I/S ratio fell to 1.30, and it was stable at 1.34 in the factory sector.
The manufacturing and trade data are in Haver's USECON database.
|Manufacturing & Trade||Oct||Sep||Aug||Oct Y/Y||2015||2014||2013|
|Business Inventories (% chg)||-0.2||0.0||0.2||0.4||1.3||3.7||3.9|
|Retail excl. Motor Vehicles||-0.2||-0.1||0.3||0.9||4.1||2.6||4.8|
|Business Sales (% chg)|
|Retail excl. Motor Vehicles||0.8||0.8||-0.1||3.9||0.2||3.2||2.6|
|Retail excl. Motor Vehicles||1.25||1.26||1.27||1.29||1.27||1.24||1.23|