US Oct wholesale trade sales +0.2% vs +0.1% exp

• Prior was +0.2% (revised to 0.0%)
• Inventories +0.4% vs +0.2% exp
• Prior inventories revised to +0.4% vs +0.3%

With revisions, sales were slightly soft but inventories were higher and that puts a small upward bias into GDP.

Separately, ISM is out with a report saying US manufacturers are upbeat about 2015 and forecast a 5.6% increase in sales. The services industry is even more bullish, forecasting a 10% sales gain.