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Data from Financial Modeling Prep. Forecasts by Sigmanomics Forecast Engine.
United StatesWholesale Inventories MoM Adv climbed to 0.3 in July 2024
Wholesale Inventories MoM Adv climbed to 0.3 in July 2024, up 0.2 from June's 0.1 reading. The print exceeded the 0.2 consensus by 0.1. The print is running well above the 12-month average of 0.07. Over the past 3 months, Wholesale Inventories MoM Adv averaged 0.4, vs 0.1 in the prior 3-month window. The reading is in the 69th percentile of the trailing 24-month range.
Latest Release
0.3
Actual
0.2
Consensus
0.1
Previous
The August 2024 reading rose from the previous value of 0.1. Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks) and negatively correlated with EUR/USD (Bearish EUR).
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Wholesale Inventories MoM Adv - US
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