The advance monthly inventory data for November show builds for both retailers and wholesalers, at 0.1% and 0.7%, respectively. Both are positives for gross domestic product (GDP) even as preliminary estimates on the trade deficit widened.
The international trade deficit was $69.7 billion in November, up $1.6 billion from $68.1 billion in October. Exports of goods for November were $133.7 billion, $3.8 billion more than October exports. Imports of goods for November were $203.4 billion, $5.4 billion more than October imports.
Wholesale inventories for November, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $610.2 billion, up 0.7% (±0.4%) from October 2017, and were up 3.8% (±0.7%) from November 2016. The September 2017 to October 2017 percentage change was revised from down 0.5 percent (±0.4%) to down 0.4% (±0.4%)*.
Retail inventories for November, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $619.1 billion, up 0.1% (±0.2%)* from October 2017, and were up 1.9% (±0.5%) from November 2016. The September 2017 to October 2017 percentage change was unrevised at virtually unchanged (±0.2%)*.
* MoE
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.
View Comments
Do you think we will get to 3% GDP for the 2017?