Prior was +0.1%US retail inventories ex-auto m/m -0.2% vs +0.3% prior
For background, the US Wholesale Inventories report measures the monthly change in the value of goods held by wholesalers across the United States. Wholesalers occupy the middle of the supply chain, purchasing goods from manufacturers and selling them to retailers, businesses, and institutions before those products reach consumers. Published by the U.S. Census Bureau, the report provides investors and economists with a snapshot of how inventories are evolving and what those changes may imply for economic activity, business confidence, and future GDP growth.
This article was written by Giuseppe Dellamotta at investinglive.com.