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Business Inventories  
Released On 12/14/2018 10:00:00 AM For Oct, 2018
 PriorPrior RevisedConsensusConsensus RangeActual
Month over Month0.3 %0.5 %0.6 %0.2 % to 0.7 %0.6 %
US 6-Mo ChartGlobal Current
performance relative to consensus

Consensus Outlook
A sizable 0.6 percent increase is the consensus for October business inventories in what would be the seventh straight monthly build.

Relative Performance Index

Econoday's RPI provides a handy summary measure of how an economy has recently been evolving relative to market expectations.
A reading above zero means that the economy in general has been performing more strongly than expected and vice versa for a reading below zero. The closer is the value to the maximum (+100) or minimum (-100) levels, the greater is the degree to which markets have been under- or over-estimating economic activity. A zero outturn would imply that, on average, the market consensus has been correct. Note too that the index is sensitized to place extra weight upon those indicators that investors consider to be the most important.

 

Definition
Business inventories are the dollar amount of inventories held by manufacturers, wholesalers, and retailers. The level of inventories in relation to sales is an important indicator of the near-term direction of production activity. Why Investors Care

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