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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