December 6, 2022

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May US business inventories +0.5% vs +0.5% expected

1 min read

May US business inventory data

  • Prior was -0.2% (revised to +0.1%)
  • Retail inventories ex autos +0.9%
  • Inventory to sales ratio at 1.26 vs 1.25 prior

This is a low-tier indicator but is a big factor in GDP. It’s going to take a long time to rebuild inventories after the pandemic.

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