United StatesUS Wholesale Sales MoM climbed to 2.8% in September 2026
US Wholesale Sales MoM climbed to 2.8% in September 2026, released November 2026, up 0.8% from August's 2.0% reading. The print exceeded the 1.1% consensus by 1.7%. Wholesale Sales MoM has now risen for 4 consecutive months. Over the past 3 months, Wholesale Sales MoM averaged 1.3%, vs -0.5% in the prior 3-month window. Wholesale Sales MoM is now the highest in 21 months.
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Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Method: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GOOGL | ▲ Direct | +0.55 | STOCKS | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.38 | CRYPTO | Moves against | → View |
| AAPL | ▲ Direct | +0.36 | STOCKS | Moves with | → View |
| MSFT | ▼ Inverse | −0.35 | STOCKS | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Wholesale Sales MoM (United States) was reported at 2.8% in November 2026. This beat the market consensus of 1.1% by 1.7%. The reading rose from the previous value of 2%. Trailing 12-month context per ETL data through November 2026. Over the past 12 months, the indicator has averaged 0.66%, ranging from -3% to 2.8% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.8%, up from the prior three at -0.17%. Volatility over the past year (σ 1.53%) is higher than the prior year (σ 1.01%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GOOGL (Bullish GOOGL). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC).
WHAT TO WATCH NEXT
The next release is scheduled for December 9, 2026. 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 November 2026.
Wholesale Sales MoM - US
About Wholesale Sales MoM — United States
DEFINITION
Wholesale Sales MoM (Month-over-Month) is a financial indicator that measures the change in the total value of sales made by wholesalers from one month to the next. It provides valuable insights into the current state of the wholesale market and can be used to track trends and predict future economic activity. This indicator is closely monitored by investors, analysts, and policymakers as it reflects the overall health of the economy and can impact financial markets.
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 (Sep 2026): actual 2.8 %, consensus 1.1 %. Prior reading (Aug 2026): 2 %. Before that (Jul 2026, first reported): 0.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast is 4.73% (latest print 2.8%). The 3-month forecast is 8.6%. The projection is based on the indicator's own recent trend. This indicator correlates most strongly with GOOGL (Bullish GOOGL, r=0.55) — a useful reference for stocks-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 |
| 16:30 | 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 | |