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Thursday, October 26, 2017

Retail Inventories Fall, Wholesale Inventories Rise

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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