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By considering factors such as historical usage of the stock for the same periods over the last 5 years and allowing for anticipated shifts in consumer orders for the upcoming period, it is possible to have a good idea if there will be a substantial change in the average daily usage of the stock items.
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But the Conference Board's Leading Economic Index rose for a second month January, increasing 0.4percentt on positive indications in real money supply, consumer expectations and new orders for consumer goods.
Consumer confidence and orders for durable goods also rose.
Supplier deliveries, manufacturing hours worked and consumer manufacturers' new orders for capital goods all fell.
Over the last month, investors have pinned their hopes on faint signs of improvement in retail spending, home sales, consumer spending and orders for durable goods.
Laptop computers and ink cartridge sales remained strong in the quarter despite the slowdown in consumer spending, but orders for office furniture and other business machines continued to lag.
"The problem is you need lots of suppliers to add value and attract consumers, and at the same time you need lots of consumers in order for suppliers to get involved," May says.
For example, vendors were encouraged to allow consumers to place orders for products -- and learn their discount percentage in advance -- if they made a small down payment.
The advancing components in July were consumer expectations, vendor performance, unemployment claims, real money supply, stock prices and manufacturers' orders for consumer goods and materials.
For consumers, ordering an item takes just two taps on their mobile device once their payment information is entered.
New orders for consumer goods, orders for nonmilitary capital goods and building permits all subtracted from the gauge.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com