June Business Inventories Preview
June Business Inventories are expected to rise 0.5% after an upwardly revised 0.4% increase in May. Factory Inventories grew 1% in June following a 0.6% increase in May and Wholesale Inventories grew 1.1% after a 0.9% increase prior.
Shipments are expected to increase 1.6% in June following a 1.1% May increase. Factory Shipments grew 1.6% after a 0.3% increase in May and Wholesale Shipments grew 2.8% following a 2.2% rise prior. Retail shipments were up 0.1% in June following a 0.8% increase in May. The inventory-to-sales ratio is expected to fall 1 tick to an all-time low of 1.23.
Retail Inventories will be the only new information provided in the report, save for some revisions to already-reported data, and are expected to increase 0.1% following a 0.2% decline in May.