US: Wholesale inventories projected to increase 0.1% in March - TDS

Research Team at TDS, suggests that the US wholesale inventories are projected by both TD and the market to increase by just 0.1% m/m in March, which would represent the first inventory build since September 2015.

Key Quotes

“Wholesale sales should increase by a more robust 0.5% m/m, though TD sees a downside risk to the market forecast and looks for a 0.3% m/m print. Lastly, NFIB Business Sentiment is expected by the market to improve to 93.0 (TD: 93.1) in April after slipping to 92.6 in March, the worst reading since February 2014.”