U.S. merchant wholesalers’ stocks probably jumped in July

The U.S. wholesale inventories data for July is scheduled to release on 10th September. Led by a demand-induced jump in motor vehicles stocks, the nominal value of merchant wholesalers' inventories likely climbed by 1.3% in July, after an above-consensus 0.9% build in June. The level of wholesale stocks during the reference period a whopping $90.1 billion annualized is expected above June's level, following a $46.0-billion increase during the spring quarter, states Societe Generale.