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US Dec wholesale sales 0.0% vs -0.3% expected
- Prior was -0.6% (revised to -1.4%)
- Inventories +0.1% vs +0.1% prior
- Prior inventories +0.9% (no revisions)
Sales look better on the surface but the big revision to the prior lowers the bar and shows it's a disappointment. That should lead to a downgrade of Q4 GDP but it doesn't offer much insight into the economy going forward.
This article was written by Adam Button at www.forexlive.com... Read More
Posted: Feb 8 2023, 15:03
Author Name: forexlive
Views: 110676
