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Friday, January 13, 2017

US business inventories for November +0.7% vs +0.6% estimate

The US business inventories increased by a greater than expected +0.7% vs +0.6%. This was the largest gain since June 2015.  Was it voluntary into the Christmas season?  

Retail inventories increased by 1% in November.  
Business sales increased by 0.1% in November vs +0.7% previously.  
The inventory to sales ratio increased to 1.38 months vs 1.37 months

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