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HomeNewsEconomyMonthly Retail, Wholesale Inventories for November Boost GDP

Monthly Retail, Wholesale Inventories for November Boost GDP

A worker stacks boxes of television sets after they have been assembled, checked and repackaged, before moving them to the warehouse at Element Electronics in Winnsboro, South Carolina May 29, 2014. (Photo: Reuters)
A shopper passes a ''Sale'' sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. (Photo: Reuters)

A shopper passes a ”Sale” sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. (Photo: Reuters)

The advance monthly inventory data for November show builds for both retailers and wholesalers, at 0.1% and 0.7%, respectively. Both are positives for gross domestic product (GDP) even as preliminary estimates on the trade deficit widened.

Advance International Trade in Goods

The international trade deficit was $69.7 billion in November, up $1.6 billion from $68.1 billion in October. Exports of goods for November were $133.7 billion, $3.8 billion more than October exports. Imports of goods for November were $203.4 billion, $5.4 billion more than October imports.

Advance Wholesale Inventories

Wholesale inventories for November, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $610.2 billion, up 0.7% (±0.4%) from October 2017, and were up 3.8% (±0.7%) from November 2016. The September 2017 to October 2017 percentage change was revised from down 0.5 percent (±0.4%) to down 0.4% (±0.4%)*.

Advance Retail Inventories

Retail inventories for November, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $619.1 billion, up 0.1% (±0.2%)* from October 2017, and were up 1.9% (±0.5%) from November 2016. The September 2017 to October 2017 percentage change was unrevised at virtually unchanged (±0.2%)*.

* MoE

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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  • Do you think we will get to 3% GDP for the 2017?

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