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US November wholesale inventories +1.0% vs +0.5% prior
- Prior was +0.5% (revised to +0.6%)
- Retail inventories -0.3% vs -0.5% prior (revised to -0.7%)
That inventory build is positive for Q4 GDP but it's only a matter of time until it's reversed, adding downside risks to Q1 2023. Moreover, retailers continue to draw down inventories.
This article was written by Adam Button at www.forexlive.com... Read More
Posted: Dec 27 2022, 13:33
Author Name: forexlive
Views: 110622
