Retail inventories open the fourth-quarter on a positive note, up a very
sharp 0.9 percent. The build got a special boost from autos where
inventories rose 1.2 percent and excluding which retail inventories rose
0.7 percent, still very strong. A solid October build will help keep
shelves filled and may prove a plus for holiday spending.
...meanwhile...
Wholesale inventories rose 0.7 percent in advance data for October which
together with an even larger 0.9 percent build for retail inventories
(data also released this morning) open fourth-quarter inventories on a
positive note.
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