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US Wholesale Inventories Rise Less Than Expected in July

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U.S. wholesale inventories rose less than expected in July, suggesting restocking will probably not contribute much to economic growth in the third quarter.

The Commerce Department said on Wednesday wholesale inventories edged up 0.1 percent after falling 0.2 percent in June.

Economists polled by Reuters had expected stocks at wholesalers to rise 0.3 percent.

Inventories are a key component of gross domestic product changes. Excluding autos, wholesale inventories ticked up 0.1 percent. This component goes into the calculation of gross domestic product.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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