{"id":11771,"date":"2010-12-09T14:18:41","date_gmt":"2010-12-09T19:18:41","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=11771"},"modified":"2016-09-20T08:10:10","modified_gmt":"2016-09-20T12:10:10","slug":"wholesale-inventories-jump-is-it-a-warning","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2010\/12\/09\/wholesale-inventories-jump-is-it-a-warning\/","title":{"rendered":"Wholesale Inventories Jump &#8211; Is it a Warning?"},"content":{"rendered":"<p>Wholesale inventories came out and above expectations. This is something that should be watched as it gives us an idea of the manufacturing process and expectations for <!--more-->orders.<\/p>\n<ul>\n<li>October Wholesale Inventories +1.9% vs +0.7% Briefing.com consensus, prior revised to +2.1% from +1.5%<\/li>\n<\/ul>\n<p>From Briefing.com:<\/p>\n<blockquote><p><strong>Wholesale Inventory Levels Continue Rapid Growth<\/strong><br \/>\nWholesale inventories increased 1.9% in October after increasing an  upwardly revised 2.1% in September. The Briefing.com consensus expected  inventories to increase only 0.7% during the month.<\/p>\n<p>October inventory levels from durable and nondurable goods increased 0.9% and 3.2% respectively.<\/p>\n<p>The growth in inventories was planned. Sales rose a robust 2.2% during the month, well above the 0.5% increase in September.<\/p>\n<p>Sales of wholesale durable goods were more in-line with September growth  levels (0.5% in October vs. 0.4% in September). However, nondurable  sales jumped 3.7% as farm products increased 25.9%. Without the growth  in farm product sales, total wholesale sales would have only increased  by 1.0%.<\/p><\/blockquote>\n<p>The problem we  see is that if sales are not meeting the same rise as inventories,  deflation will persist and retail establishments will have to mark down  prices&#8230;again. The Inventory to sales ratio is continuing to rise,  slowly&#8230; but rise it does.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/12\/Wholesale-Inventories-to-Sale-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11772 aligncenter\" title=\"Wholesale Inventories to Sale\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/12\/Wholesale-Inventories-to-Sale-1.png\" alt=\"\" width=\"557\" height=\"339\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wholesale inventories came out and above expectations. This is something that should be watched as it gives us an idea of the manufacturing process and expectations for<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[481,483],"class_list":["post-11771","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economy","tag-markets","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/11771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=11771"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/11771\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=11771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=11771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=11771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}