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Wednesday, June 27, 2018

Retail Inventories Rise, Wholesale Inventories Beat Consensus

Retail inventories, trying to keep pace with rising strength in retail sales, rose 0.4 percent in May following a 0.5 percent build in April, both of which are positives for second-quarter GDP.

...meanwhile...

Wholesale inventories rose 0.5 percent in May which is 2 tenths higher than Econoday's consensus in what marks an upshift for a sector where underlying sales have been out pacing the inventory build. The result is positive both for the general economic outlook and also second-quarter GDP as well. 

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