Barclays says +1.9% Oct wholesale inventories follows up-revised +2.1% for Sept and these suggest up-side risks for inventory accumulation. "The increase in October was broad based, with a 0.9% rise in durables and a 3.2% jump in non-durables. The former was despite a 0.1% decline in the autos component." Their Q4 GDP tracking estimate stands at +3.1%.
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.