Retail inventories fell a sharp 1.0 percent in September reflecting a
2.6 percent draw in vehicles, sales of which were unusually strong in
the month. In a partial offset, wholesale inventories rose 0.3 percent
in data also released with today's report. The large retail draw could
trim back estimates for tomorrow's GDP report.
...meanwhile...
Wholesale inventories rose 0.3 percent in September but retail
inventories, also released with today's report, fell a sharp 1.0 percent
reflecting a 2.6 percent draw in vehicles, sales of which were
unusually strong in the month. The large retail draw could trim back
estimates for tomorrow's GDP report.
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