Today's Report (27/10/2021)
Advance International Trade in Goods
The international trade deficit was $96.3 billion in September, up $8.1 billion from $88.2 billion in August. Exports of goods for September were $142.2 billion, $7.0 billion less than August exports. Imports of goods for September were $238.4 billion, $1.1 billion more than August imports.
Advance Wholesale Inventories
Wholesale inventories for September, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $739.5 billion, up 1.1%(±0.4%) from August 2021, and were up 12.7 %(±1.2%) from September 2020. The July 2021 to August 2021 percentage change was unrevised from the preliminary estimate of up 1.2 %(±0.4%).
Advance Retail Inventories
Retail inventories for September, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $602.9 billion, down 0.2 %(±0.2%) from August 2021, and were up 0.5 %(±0.9%) from September 2020. The July 2021 to August 2021 percentage change was revised from up 0.1 %(±0.2%) to up 0.2 %(±0.2%).
US Wholesale Inventories - What Is It?
Wholesale inventories represent the number of goods that wholesalers keep in their stockrooms.
What Are The Fundamental Effects?
If inventories are growing more slowly than sales, producers will have to make more product so that no shortages occur. Alternatively, if sales growth is slower than inventory growth, there will be an excess of supply, and production should slow in the coming months.
How Does It Affect The Markets?
CURRENCY - Currency traders generally look at the Dollar more favorably if both sales and inventories are rising at the wholesale level.
STOCKS - Reaction is generally muted.
BONDS - Faster than expected growth in inventories can upset bond traders because it adds to GDP growth and can put upward pressure on interest rates. A fall inventory investment subtracts from the economic output, which is positive for bonds.