Pantheon Macroeconomics - Total real inventories rose at a $48.7B annualized rate in the fourth quarter, contributing 1.0 percentage points to headline GDP growth. Wholesale durable goods accounted for $34B of the aggregate increase, following startling 1.0% month-to-month nominal increases in both November and December. The November jump was lead by a 3.2% leap in the auto sector, but inventories rose sharply across a broad and diverse range of other durables, including lumber, professional equipment, electricals and miscellaneous.

Independent Incisive Illuminating

Skip to Main Content

9 February 2017 Is the Jump in Wholesale Inventories Sustainable?

By Ian Shepherdson

Total real inventories rose at a $48.7B annualized rate in the fourth quarter, contributing 1.0 percentage points to headline GDP growth. Wholesale durable goods accounted for $34B of the aggregate increase, following startling 1.0% month-to-month nominal increases in both November and December. The November jump was lead by a 3.2% leap in the auto sector, but inventories rose sharply across a broad and diverse range of other durables, including lumber, professional equipment, electricals and miscellaneous.

Posted: 8th Feb 2017 in 'U.S. Documents'

This document is only available to subscribers of our:
U.S. Economic Research.

Request a complimentary trial(click here) OR Login Here(if you are a subscriber)

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone and Latin America, as well as analysis on key data within a few minutes of their release. To activate a complimentary trial on any of these areas, please click here.

U.S. Economic ResearchEurozone Economic ResearchLatin America Economic Research

« Go back to publications list, or Click here to register for a complimentary trial

Access Key Enabled Navigation

Keywords for: U.S. Documents | 9 February 2017 Is the Jump in Wholesale Inventories Sustainable?

wholesale inventories, growth, durable goods, jobless claims, inventories, capital equipment, manufacturers, wholesalers, oil, capex, oil capex, rigs, oil sector, capital spending, initial jobless claims, hiring, hiring intentions, pantheon macroeconomics, pantheon, macroeconomic, macroeconomics, independent advice, independent analysis, advisors, advisers, advisor, advice, independent, analysis, research, economic intelligence, economy, economic, economics, economists, Dr. Ian Shepherdson, Ian Shepherdson, financial market, financial, market, finance