Summary: July wholesale inventories, after being -0.2% in June, concensus was for +0.3-0.4%, actual was +0.7%. Highest level for 5 months with sales declining; expectation is for production to decline.
Summary: July wholesale inventories, after being -0.2% in June, concensus was for +0.3-0.4%, actual was +0.7%. Highest level for 5 months with sales declining; expectation is for production to decline.