Inventories Look To Be Strong Positives For Third-Quarter GDP

Wholesale inventories look to be a major plus for third-quarter GDP, rising 0.8 percent to dwarf Econoday's consensus range. The build follows a 0.6 percent rise in July. It's important to note that the build in this sector is constructive, reflecting efforts among wholesalers to keep up with demand.

...meanwhile...

Retail inventories, like those at wholesalers, will be strong positives for third-quarter GDP. Inventories in the sector jumped 0.7 percent and follow an upwardly revised build of 0.6 percent in July. These gains are positives and are not an overhang as retailers scramble to keep their stocks up amid strong demand.