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July Wholesale Sales Preview - 08:30....>

CANADA DATA
CANADA DATA: July Wholesale Sales Preview - 08:30 EDT
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- MNI median is 0.0%. Prior wholesale sales +0.6% in June. 
- Thing to watch is ratio of inventories to sales; it reached some of the
highest rates in decades earlier this year...
- ... inventory buildup is a potential sign companies can't sell products and
economy will slow. 
- Prior increase led by the miscellaneous, and the machinery, equipment and
supplies sub-sectors. 
- Motor vehicle and its parts and accessories showed the largest decline. 
- For the 13th consecutive quarter, 2Q current dollar sales increase (1.3%).

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