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Wednesday, November 28, 2018

Retail And Wholesale Inventories Rise

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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