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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Retail Inventories Ex Autos MoM Adv climbed to 0.4% in March 2023
FMPMonthlyReleased April 2023
US Retail Inventories Ex Autos MoM Adv climbed to 0.4% in March 2023, released April 2023, up 0.5% from February's -0.1% reading. The print exceeded the 0.1% consensus by 0.3%. The print is running well below the 12-month average of 0.63%. Over the past 3 months, Retail Inventories Ex Autos MoM Adv averaged 0.3%, vs -0.35% in the prior 3-month window. Retail Inventories Ex Autos MoM Adv is now the highest in 6 months.
Latest Release
0.4
Actual
0.1
Consensus
-0.1
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Retail Inventories Ex Autos MoM Adv (United States) was reported at 0.5% in August 2024. The reading rose from the previous value of 0.3%. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.23%, up from the prior three at 0.2%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2024.
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Retail Inventories Ex Autos MoM Adv - US
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About Retail Inventories Ex Autos MoM Adv — United States
DEFINITION
"Retail Inventories Ex Autos MoM Adv is a key economic indicator that measures the monthly change in the value of retail inventories, excluding the volatile automotive sector. This data provides valuable insights into the health of the retail sector and consumer spending patterns, making it a crucial tool for investors and policymakers in assessing the overall state of the economy."
WHY THIS INDICATOR MATTERS
Consumer activity accounts for the majority of GDP in advanced economies, making spending data a key cyclical signal for retail and discretionary sectors. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2024): actual 0.5 %. Prior reading (Jun 2024): 0.2 %. Before that (May 2024): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.