September wholesale inventories: +0.5% vs. +0.1% estimate

Core Insights - Wholesale inventories have increased by 0.5%, marking the second largest inventory increase of 2025, tied with February's figures [1] - Sales have decreased by 0.2%, the weakest performance since May of this year, indicating a concerning trend as inventories rise while sales decline [2] Inventory and Sales Data - The increase in wholesale inventories is significant, with the current level being the highest since January [1] - The decline in sales, expected to rise by 0.4% to 0.5%, instead fell by 0.2%, highlighting a mismatch between inventory levels and sales performance [2] Employment Claims - There was a drop of 100,000 in continuing claims, although initial claims showed a questionable drop that reversed this week [2] - Seasonal adjustments related to the Thanksgiving holiday may have influenced the claims data, as continuing claims are reported a week later than initial claims [3]