by Mish

The Census Bureau revised April from -0.5% to -0.4%. Thus, for the quarter so far, inventories are flat. Sales are another matter.

Sales and Inventories by Category

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Petroleum is the big driver for declining nondurable goods sales.

Auto sales represent channel stuffing by manufacturers to dealers, accounting for the big boost in automotive sales in April.

Inventory to Sales Ratio

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Mike “Mish” Shedlock

Wholesale Inventories Crash, Led by Autos

Wholesale inventories plunged 5% in the Census Bureau Wholesale Trade Report for February, released today.

Advance Wholesale Inventories +0.5%, Retail -0.4%

In March, wholesale inventories rose 0.5% to $628.8 billion. Retail inventories declined 0.4% to $626.6 billion.

Wholesale and Retail Inventories Rise

Census bureau reports show wholesale and retail inventories jumped in November.

Wholesale Sales and Inventories Jump: Drugs, Groceries Lead the Way

Wholesale inventories in June rose 0.7% vs a Bloomberg Econoday consensus of 0.6%.

Wholesale Trade: Inventory-to-Sales Ratios Extremely Elevated

Wholesale trade inventories rose 0.1% for the month compared to Bloomberg Econoday expectations of a 0.2% rise.

Wholesale Inventory Build Continues as Retail Sales Flounder

Wholesale inventories rose 1.0% nearly matching the consensus 1.1% estimate.

Wholesale Inventories Down 0.4%, Retail Down 0.1%

Wholesale and retail inventories both declined in October according to the Census Bureau Advance Indicators report.

Wholesale Inventories Up 0.4 Percent: Spotlight on Autos

Wholesale inventories were up 0.4% in December vs expectations of a 0.2% rise. Revisions knocked November lower.

Wholesale Inventories Rise 0.3% in March vs 0.5% Expectation

Wholesale inventories rose less than economists expected. The advance estimate was simply too high.