U.S. Wholesale Inventories MoM
Published:
U.S. Wholesale Inventories MoM measures the monthly change in goods held in stock by merchant wholesalers. It shows whether wholesalers are building or drawing down inventories.
Full explanation
The U.S. Census Bureau measures wholesale inventories through the Monthly Wholesale Trade Survey, covering merchant wholesalers and excluding manufacturers' sales branches and offices. The 8:30 a.m. release on this calendar date aligns with the Advance Economic Indicators Report, which publishes early estimates of wholesale inventories before the fuller monthly wholesale trade report. The MoM figure is the percent change from the prior month, typically using seasonally adjusted estimates.
Why traders watch it
Traders watch inventories because they feed into GDP tracking, signal supply-demand balance and can affect expectations for production, orders and future growth.
Stronger vs weaker outcomes
A stronger-than-expected inventory build may indicate resilient demand expectations or unsold stock accumulation, depending on sales trends. A weaker-than-expected build or decline may suggest leaner inventories or softer ordering, so the inventories-to-sales context matters.
Typical volatility
Advance estimates are preliminary and may be revised in later Census releases; inventories are not adjusted for price changes unless specifically stated.
Related indicators
06/2036 NGB Auction
A Norwegian sovereign bond auction for the NOK-denominated NGB line maturing in June 2036.
10-Year BTP Auction
A Treasury auction of Italian government bonds with around 10 years remaining to maturity.
10-Year Note Auction
A U.S. Treasury auction for securities maturing in roughly 10 years, watched for pricing and demand for longer-term government debt.
11-Month Bubill Auction
An auction of short-term German Treasury discount paper with about 11 months remaining to maturity.
12-Month BTF Auction
A regular French Treasury bill auction used to fund the state at the short end of the euro yield curve.
2-Year Bond Auction
A primary-market auction of short-dated Canadian federal government bonds, watched for demand, clearing yield and signals from the front end of the Canadian yield curve.