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Thursday, December 29, 2016

US wholesale inventories increase 0.9% versus +0.2% estimate

The US wholesale inventories for November showed a increase of 0.9% versus 0.2% estimate.  Retail inventories increased by 1%  versus -0.4% last month.  

  • Durable goods inventories increased by 0.9%
  • Non-durable goods inventories also increased by 0.9%
  • Retail inventories excluding motor vehicle  and parts  increased by 0.5%

The rise in inventories should be a positive for GDP.  While the wider trade deficit should be a negative.  The next Atlanta GDPNow estimate won't be until after the New Year on January 3rd.

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