Updated: 08-Jun-18 10:35 ET
|Updated: 08-Jun-18 10:35 ET
- Wholesale inventories increased 0.1% in April (Briefing.com consensus +0.2%) on top of a downwardly revised 0.2% increase (from +0.3%) in March.
- Wholesale sales increased 0.8% in April after increasing an upwardly revised 0.4% (from 0.3%) in March.
- Durable inventories increased 0.2% in April. Gains were recorded across most categories, except for miscellaneous durable (-2.1%) and furniture (-1.3%).
- Nondurable inventories were flat in April, pressured by a 2.2% decline in drugs inventories and a 0.6% decline in apparel inventories. Petroleum inventories increased 3.1%.
- The inventory-to-sales ratio dipped to 1.28 in April from 1.29 in March and 1.30 a year ago
- On a year-over-year basis, total inventories were up 5.8% while total sales were up 7.8%
- The key takeaway from the report is that sales growth outpaced inventories growth, which is a positive dynamic that can eventually help wholesalers regain pricing power if it persists.