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US August business inventories +0.4% vs +0.3% expected

US August business inventories +0.4% vs +0.3% expected
Prior was 0.0%Retail inventories +0.5% vs +0.6+ priorThese numbers will go into the GDP report to be released at month end. Notably, US inventories are still well-above the pre-pandemic trend. Some of that might be companies aiming not to get hurt by supply chain crunches again and some of it is inflation but they still look frothy, which will hurt in a downturn. This article was written by Adam Button at www.forexlive.com... Read More
Posted: Oct 17 2023, 14:00
Author Name: forexlive
Views: 112760

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