United StatesUS Wholesale Inventories MoM Adv climbed to 0.3% in July 2024
US Wholesale Inventories MoM Adv climbed to 0.3% in July 2024, released August 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.
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Forecasts generated by Sigmanomics engine. Not financial advice.
Median Absolute Error
across last 12 releases
Last Call
Aug 2024
Method: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Wholesale Inventories MoM Adv (United States) was reported at 0.3% in August 2024. This beat the market consensus of 0.2% by 0.1%. The reading rose from the previous value of 0.1%.
WHY IT MATTERS
The trailing three releases averaged 0.37%, up from the prior three at 0.1%.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 0.25%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Fed Schmid Speech (Nov 10) and Fed Bowman Speech (Nov 10).
Auto-generated from current model state · Refreshes on each release · Last update August 2024.
Wholesale Inventories MoM Adv - US
About Wholesale Inventories MoM Adv — United States
DEFINITION
The Wholesale Inventories MoM Adv is a key financial indicator that measures the monthly change in the level of inventories held by wholesalers. This data provides valuable insights into the current state of the wholesale sector and can be used to gauge the overall health of the economy. A positive change in wholesale inventories indicates an increase in demand for goods, while a negative change may suggest a slowdown in economic activity. This indicator is closely monitored by investors, analysts, and policymakers as it can impact market trends and inform business decisions.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2024): actual 0.3 %, consensus 0.2 %. Prior reading (Jun 2024): 0.1 %. Before that (May 2024, first reported): 0.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast is 0.33% (latest print 0.3%). The 3-month forecast is 0.4%. The projection is based on the indicator's own recent trend. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.
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Economic Calendar - US Events
| Monday, November 9, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 15:00 | US | Wholesale Inventories MoM | 0.7 | 0.6 | 0.6 | 0.65 | Low |
| 15:00 | US | Wholesale Sales MoM | 2.8 | 2 | 1.1 | 1.95 | Low |
| 16:00 | US | Consumer Inflation Expectation | 3.9 | 3.9 | 3.8 | 3.85 | Low |
| 16:00 | US | Atlanta Fed GDPNow | 3.5 | 3.4 | 3.4 | 3.45 | Medium |
| 16:30 | US | 3-Month Bill Auction | 4.06 | 4.04 | 4.009 | 4.03 | Low |
| Tuesday, November 10, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:00 | US | NFIB Business Optimism Index | 97.8 | 97.9 | 97.7 | 98.30 | Low |
| 13:30 | US | CPI s.a | 337.48 | 336.3 | 337 | 337.17 | High |
| 13:30 | US | Inflation Rate MoM | 0.4 | 0.6 | 0.3 | 0.33 | High |
| 13:30 | US | Core Inflation Rate MoM | 0.3 | 0.3 | 0.2 | 0.23 | High |
| 13:30 | US | CPI | 337.51 | 336.94 | 337.02 | 337.13 | High |
| 13:55 | US | Redbook YoY | 10.1 | 10.4 | 9.3 | 9.70 | Low |
| 21:30 | US | API Crude Oil Stock Change | -5.267 | -1 | 3.79 | Medium | |
| Wednesday, November 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 19:00 | US | Budget Balance | -27 | -298 | -339.85 | Medium | |